Member Info for daveri007

The Definitive Feasibility Study based on the revised PFS will ultimately take this to a decision to mine and once production commences and cashflows generated, I believe (based on the history of mining) EMH if still involved as a miner and CEZ will continue to invest in further studies to extract the rest of the ore...If not they will be the first in history not to leverage their mine plans. Anyway, time will tell. GLA

NPV8 £2-£2.5- based on only 7.7% of the total MRE.....So my back of fag packet is this represents only 1/10 of the NPV - £25 per share undiluted because production cashflows will fund the continued expansion....I know we haven't yet received the first DFS (due this qtr or early next) but in my opinion we will see continued expansion with the release of DFS1, DFS2, DFS3 etc...Insane potential given the market demand and excellent mine location. ATB

Also, let's not forget this PFS only represents 7.7% of the total Mineral Resource estimate!

The business plan is very attractive, no one can argue that...we just need to see CEZ move forward on its gigafactory plans for this to be derisked.

CEZ intends to make a final decision on lithium mining at Cínovec in 2023, after all the necessary surveys and studies have been completed. Production could start in 2025.

I suspect CEZ gigafactory plans that were due to be decided by end of year 2021 will impact the timeline.

Beefing up the balance sheet coupled with the revised PFS at this stage will certainly help EMH in their ongoing discussions with off-takers and other debt providers especially with the soon to be released DFS.

At the least the placing is not discounted!

Strange - why put in a trading halt on the ASX when AIM is still open!?!

An announcement relating to an update on the PFS - appreciate the huge rises in prices and a potential significant increase in production with double shift etc - but with the DFS expected by end of Q1 - early Q2 why now...maybe some very interesting positive news on the chemistry.

Anyway all good I trust!

Don't be so foolish or mischievously misleading...most new investors will look mainly at the last 12 months performance...paints a completely different position and unfortunately instils doubt/poor market sentiment - anyway still hopeful the drill bit continues to do the talking.

@Panama "Along with most of you, I just don't get the current SP levels, but the next month or so should reveal reality at the very least!" - Would you kindly explain why the S/P will realign with true market value next month because I hold over 3m shares here and cannot see why next month it will all of a sudden re-rate....unfortunately if anything I do not see it climbing until well after the 5% is done and dealt with! Perhaps you could explain?

@MFU - If you were a Newcrest shareholder you would expect you’re BoD’s to act swiftly - Newcrest have done exactly that and it’s most certainly not shafting GGP in doing so - it is their entitlement as per the Havieron JV agreement - if Newcrest wanted to shaft GGP shareholders they would have done some time ago!

Thanks for sharing - look it’s very obvious the 5% valuation is irrelevant - it will not represent what’s in the ground - GGP have already said it will be several years before the full size could ever be properly understood-

So the JV Agrrement allowing Newcrest to bag another 5% is what it is - they will obviously take the biggest bargain of the century (some would argue they deserve it given their speed and full commitment)

So, In my opinion this will not be the catalyst most are hoping for - to get true value you need to be patient and stay with it as future results are announced and assuming no hostile takeover is executed we will all benefit from an amazing 25% share in a gold/copper mine with ultra low production costs (with Telfer right next door) for several decades to come .

Newcrest cannot be criticised by GGP shareholders for grabbing on the cheap what was agreed in the Havieron JV…. To be fair they bloody deserve it !

If SD with the support of shareholders can battle off any hostile trying their luck then it’s happy and well deserved profitable days ahead for GGP shareholders …that’s the position we now face.

Until such time a DFS is soon to be released and a decision to mine is on the cards (hopefully with some sexy off-take agreements) the market will not factor in the spot price of lithium carbonate.....After a long long wait well researched investors now see it coming....we just need to wait for the wider market to understand! Just saying.

Correct...the only way for another party to buy the GGP ownership 25% of Havieron is to take over the whole of GGP as an entity....as such the risk is a hostile takeover.....to defend such an approach is the BoD's to get the share price up........since the new CEO started they have failed to do so which is why it got some airtime at the recent AGM. For a hostile takeover to be successful it will need shareholder approval and if you believe what is said here that would mean retail investors would have a pivitol say. Newcrest soon to be a 75% owner of Havieron in itself protects us so unless they decide to be the aggressive partner and as a result scare others looking for a JV in the paterson and elsewhere, I really do not see that happening.....unless of course the offer is at a very high premium - in which case who's going to complain!?!

@Zoros, you announced to the GGP board you had filtered me......anyway, go back and check where you got the shooters percentage wrong......sorry to mention your name but Hydro will grasp whatever he can to discredit folks that call him out. No hard feeling on my part

sounds fishy !

poppy**** - lets agree to disagree

Paul, the business plan surely can't keep deferring...something needs to happen before 2023!......If these super cost effective exploration activities given the tax refunds fail to deliver cash generation this year then our only hope to springboard is an acquisition....so back to the original listing plan then!

starbright - your taxes are well out...not only do you need to deduct capital costs incurred by GGP which Shaun has already announced were being capitalised you are failing to understand the corporate flexibility regarding taxes on a transaction of this nature...anyway best wait and see....don't need to wait that long !

BTW, would be useful for LBE to advise the market what appraisals are being done regarding Egyptian Vulture and what the associated costs are...maybe another RNS expected soon!

The fact that they are stating 3 discoveries suggests talks are ongoing! GLA