Member Info for EV_Bull

Charger was also up 23%

On latest EMH presentation - recall
In progress:
Progress strategic partner/offtake discussions – in active discussions with leading global (batteries/autos).

Speaking of which…
Looks interesting over on EMH an offtake would be good news a buyout >£1 would be even better for us.
https://twitter.com/hc_haplo/status/1402417827588440067

> £20m so at or above the last placing price, hopefully EMH or Sonora come good in-between times or a loan can be utilised that could be repaid upon IPO. It is prudent to have all options at their disposal. Within 3 years all of our holdings should be in production.

100m shares is only £10m today and we need £20 so clearly expectation would be at least a doubling of SP from the PFS before any funds are raised.

Clearly it would be intended to fund the 49% ownership of Amapa though, Plan A or Plan B? Not sure voting against that is a smart move though.

The placing dropped us to 20p followed by a global sell-off which will always affect small caps more FTSE AIM All-Share Index -27.8% YTD.
Clearly there is also a difficulty in understanding/valuing the company also and how we get to 49% ownership of Amapa. Take advantage of the market if you are able.

Also Q&A from Rodney:
https://www.theassay.com/articles/investor-insight/navigating-europes-lithium-supply-chain-conundrum/
"From a resource perspective, Europe is challenged. There are only a few large lithium resources, such as European Metals Holdings, that can be developed."

Yes, you carry on investing in the rear view mirror. I will weight the future possibilities with a probability distribution.

The point was about book value being a bad metric for the reasons stated. The house was a metaphor.

Few

50,000t about 44kt LCE I think (50m kg) roughly double but clearly a lot more from our JV area.
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0331/2022033100303.pdf

Any thoughts on what 50.000kt hydroxide phase one would do to that valuation and percentage though Obs? Could be multiples of that!

Do you value your house at cost value or market value though? It makes no sense if you bought it 10 years ago and made a bunch of improvements. The recent transactions are proof of that.

LT/LS is done, we own £1.8m in Evergreen shares.

I was expecting that response but thought I'd post anyway... slow news day and all.

Kiran Morzaria (CEO of Cadence Minerals) briefly discusses EMH: https://youtu.be/cu1u90A2BDA?t=1075

I expect it will only be what has been spent on it.
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=861147

Ganfeng also have billions of dollars and are raking it in at current lithium prices, $50m is really nothing to them, they bought Bacanora out for a reason! They will obviously want the rest of it. 150 year resource life...

It really makes no sense to value the company based on book value on the balance sheet as of 6 months ago and then update the EMH price, totally ignore the £4m raised and the several million added with the HAS / Evergreen deals.
Obs is the closest to realistic minimum at £37.5m.
https://www.reddit.com/r/CadenceMinerals/comments/vpr5w7/due_diligence_lsekdnc_cadence_minerals_asset/

Due to the 20:1 reverse split @nookie