Member Info for Ctw2014

Good interview with Keith, as usual. Interesting that he mentioned possible EU grant money a couple of times. Bound to get early announcements on signing the deal on Monday, appointment of consultants for the DFS and FEED studies. Maybe we will get an announcement of grant monies too at some point? On off takes, its clearly nailed on that there will be an agreement with CEZ who want to build their own battery factory and, with regard to car manufacturers, VW seems to get a mention in every interview, but there are many possibilities all around Europe. CEZ’s investment is about £25.64 m for 51% of the project. EMH’s market cap only about £19m. Project now fully funded through to a construction decision. We are now poised to be the first producer of home grown battery grade lithium carbonate and or hydroxide in Europe and we are sitting on the largest lithium deposit in Europe. We have a 49% stake in a project with an NPV of $1.1billion. Sounds like a fantastic investment case to me but that’s obviously not advice and please do your own research.

Great to see some really positive stuff in this RNS beyond just the bare bones of approval of the deal. I am sure Keith will be doing some very upbeat interviews too, so we should do well on this news.

Think I deserve a medal for being the only one actually posting about EMH today (ok, bar one maybe)!

All these piddly little trades are presumably some sort of trading algorithm working on an automated basis but it shouldn’t be allowed in my view. Just another way in which ordinary investors are disadvantaged because it makes it that much harder to make sense of the trades. Good little company and happy with my investment but really irritated by the trades picture being messed up by multiple stupid little trades!

Does anyone else promote this share on Twitter? I post there fairly often but rarely see any other tweets about EMH. It’s not a bad idea to spread the word as far as we can, in my view.

Agreed Ant, a healthy balance is where we need to be; more moderation, less extremism, either way.

Couldn’t agree more with Lawrence on socialism by the way, to the extent that I have just printed off his last post for future reference! To be fair to at least some socialists though, that is probably a more apt critique of communism than socialism. The trouble is that too often socialists forget the truths set out in those sentences, or don’t concern themselves with them so long as they can get elected.

So guys, tomorrow’s meeting will put the last tick in the box for our deal with CEZ. Shortly thereafter we will have £25.64 million in the bank to develop Cinovec to a construction decision. Currently our market cap is just £16m! So we will have a 49% stake in the largest lithium resource in Europe and our market cap isn’t even anywhere near our cash, never mind anything for past investment and future value, with our NPV at about $1.1 billion. You really don’t need to be a genius to see how undervalued we are. At some point, the market will catch on and this will be multiples of the current market cap in my opinion. Not advice obviously and DYOR etc.

... some of these yesterday. Looks like a great recovery play to me. Construction likely to be one of the first sectors to get back on its feet I reckon. Happy to wait and ignore day to day movements.

I took some of these yesterday. Well worth scrolling back through the last year or so of RNSs to see how rapidly this company is growing and it has a nice cash cushion too. No brainer in my opinion but please DYOR if you are unfamiliar with the company.

Absolutely! It’s been going on for months and is all there in the public domain in holdings RNSs. Some big institutional holders selling and some big buyers buying. The price seems to be being managed to facilitate that process, which has been frustrating for PIs who can see the huge value in the company which, as yet, has not been reflected in the sp/mc, and has muted the impact on those metrics of the surge in the gold price. However, the benefit to the bottom line is still very much being banked and when the big guys have finally sorted out their respective portfolios, PIs will start to see positive movement. As soon as that starts happening, the herd will arrive and, bingo! All in my opinion, not advice and please DYOR as always.

Marve - it’s 10,000 an hour!

I am no chartist but the chart looks good to me with the SP breaking through the 20, 50 and 200 day moving averages over the last several days.

GDR market cap £14m. NCYT £255m. Plenty of upside to come, to put it mildly. Imagine what this is going to do when they announce that they are producing this test, and at the scale of 250,000 tests a week!

I see that LSE gave up on reporting trades half way through the afternoon, yet again. This really is an unreliable site that just seems to get worse and worse.

Well said Scart. And this used to be such a civilised board ??

Technick - As I understand it the MMs are allowed to delay the reporting of trades ‘to preserve an orderly market’ but in reality, as Countdracula says, they abuse this to mislead punters and play the market for their own gain. I think it was the day after the news dropped, during the afternoon, ALL trades were being delayed by an hour or so with the result that anyone wanting to buy or sell had to do so virtually blind. The cards are stacked against retail ‘investors’ especially those who would prefer to buy and hold. AIM breeds traders, I think, because it is very hard to succeed without doing so, at least to a degree. It’s all pretty corrupt and you just have to live with that if you want to play the game, sadly. On this share, in my view, it is risky to trade it when we know news could drop any time, e.g re Govt funding.

I don’t disagree Ant, especially re the involvement of CEZ, which has to be a major benefit, especially in difficult times. By the way, I do know the difference between weather and whether, I just don’t always check the auto type thingy is doing!

Don’t get me wrong, a lot of businesses will struggle and quite a few will go bust, with adverse economic consequences which will take time to recover from and with tragic consequences for many at the personal level. However, some of the businesses which fail will be zombie businesses that might have failed anyway but more slowly, and others will simply not be strong enough financially to whether the storm (but hopefully Government support will save some of them). The reality is though that the failure of weaker businesses will inevitably benefit those that survive and compete in the same space, and they will go on and get bigger and stronger. It sounds harsh to say it, but weeding out the weaker businesses could be beneficial in economic terms, in the long run.
Specifically Re EMH, I must confess I am not sure what specific restrictions apply in the Czech Republic but given the stage we are at, I assume they will be long gone by the time we really need them to be.

Ant - I am no economist, and I have no doubt at all that the current crisis is and will have significant impacts around the World, both human and economic, but I think those impacts will be largely temporary. Previous depressions, recessions, financial crises etc have , generally speaking, arisen because of inherent problems/ weaknesses in the economy. This is different, in my view. The problems arise not because of economic woes, but from a sudden, external, and temporary force. It is hardly surprising that unemployment is rising to record levels, and fast, given the lockdown restrictions being imposed around the World. However, remove the external cause, (immunity/vaccines/testing/ramping up of medical facilities etc) and the restrictions will be progressively lifted. Once they are, many of those who have been laid off will rapidly be re employed. Pent up demand will be released and, if anything, there will then be a mini boom as economies around the World bounce back and play catch up. It’s a set back, a big one, but it is temporary and does not arise from underlying and chronic economic weakness. That’s my take for what it’s worth. It’s an optimistic view maybe, but I think and hope it’s justified.