Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
@Sid - I think she has more standard corporate governance issues to deal with that have failed....I have many examples but just one for starters would be - is why a substantial shareholder (especially one that concerns a serving board director) hasn't informed the company of disposal of shares from an invested company - Clue: Cadence Minerals who EMH have not issued a TR1 notification on their shareholding changes since 28th May 2021!
There are fines for this negligence!
I personally think as a “cry wolf”caretaker he has more time on his hands than he knows what to do with!….My hope is GEOMET and CEZ are progressing with all the work so that we shareholders can get our 10 bagger returns from this low levels.
Just saying…
the EFF (Exploration Finance Facility) is simply a debt facility provided to LBE based on the Norwegian tax rebate system only - it is not a cashflow debt facility outside committed expenditure to exploration.
Many here do not understand it.....because they do not do any basic research a two year old could do!
Severoceské doly own 3 different companies (subsidiaries) , one of which is
REVITRANS, A.S - they are a key supplier for the provision of services in the field of road transport, quarry mechanization, reclamation activities, drilling and blasting works in the locations of Bílina and Tušimice.
They offer interesting work in the provision of professional activities in the locations of lignite mines and work connected with the subsequent restoration of the landscape.
Severoceské doly (100% owned by CEZ) are very experienced miners with over 4,000 employees throughout their mining businesses....Their un-matched mining experience in the Czech Republic is why EMH divested 51% of the lucrative Cinovec lithium/tin mine to the CEZ group (70% owned by the Czech Govt) - The synergy here is obvious!
To be honest, I have been thinking for a long time that GEOMET may farm out (contract) the mining to Severoceské doly and so can focus on the processing plant....Hopefully with the acceleration of the EIS permits via the green deal we may all find out!
And I should have said that GEOMET (GEOgraphy METallurgy) are more focused on the chemical processing plant application. Both Severoceské doly and EMH are learning and IMO equally as skilled in this field.
Definition of Metallurgy: Art and science of extracting metals from their ores and modifying the metals for use. Metallurgy customarily refers to commercial as opposed to laboratory methods. It also concerns the chemical, physical, and atomic properties and structures of metals and the principles whereby metals are combined to form alloys.
@Tom "My understanding is that CEZ want an experienced miner at 49% partner so they’d be keen on EMH bought out but wouldn’t want to do the buying themselves, at least not to hold in the long term."
My understanding is CEZ are a miner already via its 100% owned subsidiary Severoceské doly (COAL) who are the direct owners of 51% in Geomet.
@ghin "Only what's written here is usable at a court." That's a very funny post....sorry cant help laughing ...really laughing .....hahhahahhahah
I can hardly type .....well done @Ghin you win post of the year so far !
" the automobile industry is very important to the Czech Republic economy! " - Hopefully the Czech Govt along with the planned EU green deal will push through/accelerate the EIA permits due to this importance"...... ESG is already world class given Cinovec's Central Europe location and being an underground mine with less cooling etc etc etc! DYOR
Exactly Mick - the FEED has been completed with some obvious gains on the paste backfill solution - SMS are ready to implement the engineering aspect of the project and thank goodness CEZ have finally insisted that our DFS is outsourced to DRA Global!
Lots of negative posts at the moment - some are understandable but for me the reason I'm staying fully invested in EMH is because I like others here fully understand just how important the automobile industry is to the Czech Republic economy!
They simply cannot afford not to transition to the electric vehicle market.
Ignore what KC says....I prefer to listen to CEZ (a blue chip multi-national) who announced when they bought 51% of Cinovec that the DFS will be released in 2023!
Worth a read and interesting that they use Lithium as examples!
https://single-market-economy.ec.europa.eu/system/files/2023-03/SWD_2023_161_1_EN_impact_assessment_part1_v4.pdf
Guys you are invested in a potential mining business of critical raw materials.....we have been told when the dfs is due which has also been confirmed by CEZ.....I'm not sure what news you are expecting week by week.
Hopefully q1 bulk samples are being produced to plan based on the new LCT which will be needed for potential off takers - be nice to get some updates from CEZ on their gigafactory JV plans at pruneov....in the meantime roll on the DFS expected q4 this calendar year!
At these bargain levels if you can top up!