Member Info for daveri007

Sorry just notice predictive text change GEOLogy to GEOgraphy

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

Doc Holiday is a trader and operates a pump and dump amongst his followers....may offer reasonable research/information but in my opinion does it for his own advantage!

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!

For those confused about not fully consolidated:

https://www.youtube.com/watch?v=oUiunaorIA0&t=114s

Don't forget the 51% ownership of Geomet is Severoceske doly who are the mining arm of CEZ (100% owned) and mine coal which is obviously reducing/eventually being phased out!

CEZ reported they will reduce the share of electricity generation from coal to 25% in 2025 and to 12.5% in 2030 and completely exit coal by 2038. (These target dates may have to be extended if they are unable to locate alternative sources of gas)

They reported they will transform their coal locations to new activities - we know one example of this is the Prunérov JV Gigafactory plan which is right next door to the Cinovec lithium mine.

ultimately lithium mining/processing will be undertaken via Severoceske doly Group via Geomet!

The DFS is important and will get media coverage via CEZ themselves but the real catalyst will be the advancement of permit approvals especially the EIS.

We don't want to be another Jadar mine (RIO in Serbia)!

Regarding any future buyout, this narrative was in the Euroz Hartleys broker note dated 19th October:

"The standstill agreement allows CEZ to takeout the remaining balance
of the project at an independent valuation, but it is not allowed, by the
agreement, to acquire EMH for less than the look through value of the
independent valuation"

So no hostile take-over from CEZ available....protection afforded by the shareholder agreement

I see no dangers of a takeover until we have permits in place which as we know could be expedited by being made a strategic project.

Then of course we will be derisked and very valuable!

The question you have to ask yourself is just how important is the car industry to the Czech Republic, it accounts for over 10% GDP and is therefore obviously critical for the Czech economy to thrive. The EV transition is a threat which is why the Czech government via its 70% shareholding of the Cez group bought 51% of EMH.

....As a strategic project announced by the Just Transition Fund (JTF) and with the green deal and European Critical Metals (ECM) now progressing rapidly...........surely it's now just a matter of time for loyal shareholders!?! DYOR

By 2030, batteries are expected to account for 95 percent of lithium demand, and total needs will grow annually by 25 to 26 percent to reach 3.3 million to 3.8 million metric tons LCE

At least 20% will be consumed by Europe...so 10% extracted within Europe amounts to 76,000 metric tons LCE.....not to be coughed at!

You must be off your rocker if you think the BoD's will recommend a dividend...and if they did then there goes the future of LBE.....I would hope they leverage any cash on production deals and get back to doing what they originally promised.

Traders are so transparent...it's embarrassing with their little commercial acumen just to inaccurately ramp up a stock for any short term gain! Move on and let the posts on research return and get back into the norm.

This year is critical.....its either gonna happen or not!

My smart money is on a positive decision....this is the year!

was this discussed tonight?...No thought not!

hey hold your golden tickets...SD has his at 25p.....oh wait....nbound performance share at 8p coming his way!