Member Info for Ctw2014

Yes, very good. Pretty poor that no RNS showing here though.

Why would CEZ necessarily want to buy EMH out? They have a controlling stake already. I recall Keith saying that they would probably need to bring in another partner to build the mine, but he certainly doesn’t want us taken out at this level. CEZ can only buy us out at full market value, not at the price dictated by the share price, which is irrelevant in that context. EMH has good protection from predatory behaviour by CEZ under the shareholder agreement and I don’t think that’s their game at all. They seem to be a great partner and were almost certainly instrumental in getting us that massive grant recently, that the market seems to have forgotten about already. The real problem here is more to do with a crap market rather than anything else, imo.

Worth reminding ourselves that they most recently raised money at 20p a share (a big premium) and even the Caribbean consultant has agreed to be paid in options with an exercise price of 20p.

The Company’s revenue has hovered around 4m for years, producing a variable operating loss also for years.

A near 50% increase in revenues and a healthy switch into a decent operating profit is a pretty massive milestone and a very positive turning point.

Having another go at a P&D?

Quite

Finally LSE print the RNS.

Typically, not showing up on LSE.

I agree that it is a good update. Finally seem to be turning a corner. Let’s see how the market reacts.

We will see. My guess is he will now disappear. Bought yesterday, attempted to pump, failed and dumped this morning at a loss.

Pumped and dumped.

That’s a laugh

Gold up over $500 a once since we were suspended. All other things being equal, that should prompt a reasonable rise in SP on resumption of trading, if there is any logic at all in this market.

And I applaud the efforts of Dashboom and others in trying to protect shareholders interests!

I have emailed enquiries@guernseyregistry.com to object to the apparent move to strike off.

EMH have more influence/control than their 49% shareholding might suggest, given the extensive “reserved matters” in the shareholders agreement. This also makes it clear that any attempt by CEZ to buy out EMH would have to be at a fair market value for their 49% of the asset, nothing to do with the share price/market cap.

Luckylaurie - good posts but may I just clarify one thing from your post of 11.18 on 26/12: you refer there to tin and tungsten credits, whereas in fact the DFS explicitly shifts to a focus on lithium only from the higher grade geology below the historical mining levels which contained the tin and tungsten (see ASX announcement confirming mining below historical mining and 5.2 of the DFS summary outlining the fact that the project will be targeting the zinnwaldite bearing granite at the deeper level).

At first blush the loss of these credits might seem a disadvantage but in reality targeting the zinnwaldite is clearly a conscious decision resulting in simpler mining, in higher grade and more continuous ore bearing geology, lowering Capex, and unlocking major grant funding which is focussed on lithium rather that tin/tungsten.

I think a lot of retail investors have just compared those figures with the current lithium price and panic sold, which is irrational given the long term drivers for upward pressure on the lithium price and the likely price at the time of production.

No serious off taker will expect to obtain a guaranteed forward supply at today’s price given said drivers/predictions and EMH will not agree a price floor that does not generate a profit so, in my humble opinion, we will get off -takes but perhaps initially at relatively modest profit levels to allow for the off-takers risk on future pricing. They will want guaranteed supply and will have to take some risk to secure it. Well, that’s how it seems to me at any rate.

All it takes is a decent off take with a price floor that guarantees profitability, and this will be off to the races. With the DFS out, that now becomes a near term likelihood in my opinion.

This is just an annoying ASX regulatory requirement forcing an adjustment to facilitate continued trading on the ASX. None of the fundamentals underlying the DFS have changed. They have simply excluded the final few years mining of inferred resources to keep the ASX happy. It is nonetheless annoying that this requirement was not anticipated, especially as EMH is an Australian company.

As far as I am concerned though, it simply allowed me to sell a load of shares and buy them back cheaper (wish I had sold/bought back the lot, but I did half as I am risk averse and wanted to hedge my bets).

Lots of potentially very positive triggers to come in the short term in my opinion, such as more grants and off-takes with price floors etc. I don’t think this drop will last long and I think the upside from here is significant, but that’s not advice to anyone, just my opinion.