You all forget that if we were to raise funds in the market we would have to give away 25% discount , I for one believe that CEZ did well and paid us market rates . It could have been 30 p had the market not sold EMH back warks , but that is the market .
From Bolgo on HC :Agree.
KC in Perth atm. Was giving interviews to Europe last night.
Had been to Korea with CEZ execs.
DD should be done by early Dec
Significant movement at the station.
I suspect Ant you need to find out, one % of all the soil content in Cinovec is Lithium , is this question a possibility to produce 300,0000 tonnes of LI per annum . When you think that technology changes in a moments notice , you must be prepared to make hay whilst the sun shines , no point building a mine to only succeed for three years if technology changes . Ya have to bash the F#### out of it early .
Sambora , you knuckle head , FFS we did a deal at market value , You should have bought the last parcel yesterday at 24 p . All of the shareholders here should have . I am so annoyed , FFS lets go and raise 33 million in current market and see what sort of discount we would have had to relinquish to the fund raisers and the 300 odd K it would have cost us raising those funds . Get a life pessimists > my figures show we will only lose 25% of the eventual outcome in share price and really who cares Lithium will be $30,000 a tonne and with double production will create a share price beyond those of wildest dreams .
Ant you may remember I said 51 % and told all you guys to get the price up , Blame the last seller last night for 21.8 p , had we closed at 24 or 23 there could have been less dilution , I was hoping a 25 % premium to a weeks Vwap . oh well we are now off and running and we can actually start counting those chickens .
Well said Borocay . My guesstimated time line of announcements :
Expected Time line to March
Environmental impact study
Mining licence granted
3 Shift policy granted
Offtake agreement VW
Offtake agreement Northvolt
Offtake agreement Koreans in Europe ( possibly a few )
Agreement to increase production to 50,000 tonnes
Having CEZ on board now gives us creditability watch those announcements flow .
Me Answering penny Pincher on HC :
Penny Pincher , the way I see it we still as current holders have in principle 49 % of the business , having CEZ on board gives us the BIG bux and access to big bux to attempt to double the production , which I say will be on the cards . ( VW alone will need 300,000 tonnes of Li per annum ) Our PFS is 25,000 tonnes for one shift , I am sure now , that we will get access to 3 shift mine and on top of that the DFS will be expanded to 50,000 tonnes ( one shift ) . My figures indicate double the production increases profit 3 fold , no brainer in my eyes . And the demand is already there . I actually was expecting 51% , think in their shoes , I actually was worried it might have been higher , I am a little disappointed we did not get a 25% premium buy hey the markets around the world a little subdued at moment . Again thinking in their shoes there was no need to offer premium . So in a sense without CEZ we would never been able to attempt double production , so having half of what may be double in the future we have essentially broken even as a group . Going forward CEZ could easily fund the mine capex on their own , but KC has always eluded to 60/40 equity split , I will assume that the banks and other major funders will be begging for a piece of the action now and it would not surprise me that there will be very little dilution when we raise funds for capex .I have capex raise at aprox $750 mil for double production and expect 30 % will be new equity . Ie 40 % banks , 30 % cez self funded loan and balance new cap raise , and will assume a price somewhere between $1 and $3 dollars a share , at $2.25 a share we will only need to raise another 100 million shares . I see it as greater dilution at the start but less dilution in the future . My guestimate is 500 million shares at the end and it still will attract a very healthy share price . I still have them marked in a spread sheet for a $40 to $100 a share pending on price of Li and PE we get valued at . All and all a great result we get to keep our pants on and luckily were allowed to use a little lubricant .
No more Cap Raises until Production Capex too Lawrence and Tom Coves , Share registry is still very tight , will be interesting when the world catches on to the enormity of the project now that it is derisked tremendously .
aims to sell 200,000 Just a miserly 80,000 tonnes of lithium for their trucks .
Now that VW have now decided on the future deployments of funds for electromobility for the next 4 years , I think that we may see some news funds or offtake coming our way .
The fourth lever is upstream partnerships to manage investments and costs. Firms must build strong relationships to ensure access to resources necessary for scaling production and controlling material costs. For this, they will need to cooperate with miners and processors to mitigate supply-chain risk.
European firms with the right strategy have a chance to be become industry leaders in the future LIB landscape.
Yes it is a bot ant , not sure what this one is up to , I actually think this one is buying or trying to , normally when they buy you find the parcel on the sell side up half a pip within a split second , not much of that has happened because the bot is being outbid by punters . It could be an insto actually buying and not trying to push price up too quickly . Now that I know you have that visual , I wont need to report it anymore . There are only four more sellers after what you see ant : 5,000 at 40 , 2,000 at 50 , 16,000 at 55.5 and 10,000 at 62 . All bot orders get wiped at 7pm our time . Whilst that bot has been sitting there at that price it was spitting out 10,000 buy orders at 42 cents at will for a while during the day . This is why I speculate they are actually accumulating .