Seems to be lining up perfectly now Jimb. Amapa deal Lithium price on a tear heading to $20k/t and long term deficits - EMH looks good with over 30 gigafactories being built in Europe and Skoda on the doorstep possibility of a VW buyout offer or funding to secure supply. Ganfeng buying our JV is a massive possibility now, Tesla have also published their lithium clay extraction method so lithium clay may gain even more traction.
Very happy to wait for the big one, expecting news out of the courts soon. If you need a lift Mike in the mean time have a look over at EMH given we own 9.9% of the company. How’s that short going RayPoo Strong sell @ 13p?
@Obs CDH is a new build, maybe the captain was taking it for a spin, training his colleagues or maybe he pressed the wrong button on the sat nav. Seems to be heading in towards the original port as planned now. I don't have a satellite source as I can't see it on shipfix though maybe because it is new. Not sure if it can reach BR SAN in five days from CO, might be a stretch?
I am happy for it to have been undervalued while I was buying but I believe It will come once the deal is done Mike (very soon), we're too low market cap and liquidity to attract fund managers (and no analyst coverage either) with no institutional investors currently. Personally I would not be surprised to see this change very rapidly, perhaps Glencore will take an interest post deal, maybe we will raise capital from them or others to further fund our projects (or accept a buyout offer).
Look at the volume, less than 0.5% of shares are trading daily, It could take months to get a big stake (5-10%) without moving the price too much.
If there was any significant buyer right now I'd expect the price to go up to the 45p range very quickly.
There are other platforms I'd expect us to be on more often post deal, proactive investor, crux investor etc. I personally had never heard of vox or directors talk prior to getting involved here. EMH seem quite good at marketing US listing etc, perhaps Kiran will pick up some tips. I am not surprised if he's holding this up his sleeve waiting for the deal to be done and will then have less difficult questions to answer.
I believe the downside is fairly well protected by the other assets especially with Ganfeng buying BCN. We know the cash value of EMH is £15m, other assets should be at the very least £10m. So I believe there is at least 15p of value in the worst case. Because it’s not an all or nothing play, I’m then much more comfortable with a higher amount invested (not all in but over half). Coupled with the other facts mentioned in the previous post. 5% chance of 50% loss. 95% chance of >100% gain.
In my mind it’s like being offered 4/1 odds on your football team when you’re team is 3-0 up and it’s the last 10 minutes (and you get 50% back if they don’t win). You know there’s always a chance things don’t go as planned so you maybe wouldn’t put your house on it but you would want to bet heavily in that scenario and you certainly wouldn’t bet against it.
I am completely amazed that the share price has remained so cheap to this point, I've bought as many as I can manage. This is so far under the radar nobody seems to have noticed what's about to happen (seemingly blinded by disbelief).
Courts: e.g. "Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself."
CEO: "highly confident" "fait accompli"
Ports: As below.
Other: too much to but e.g Company registrations, ownership transfers etc
Pretty wild to me that nobody seems to be buying it, looking forward to the big one, can't imagine it's far away now.