Go The Matildas , convicts to champions quite impressive .
I asked him Jonesy
Tomáš Vrbický (geologist from Geomet) not known by KC
Bloomberg thinks so to Carpe . Avery good sign . Lets see if he can bring in some mates .
Finally Some Director buying : Indication where we are heading .
Lincoln Palmer Bloomfield Jr. nice Money too $45,480.63
https://www.investi.com.au/api/announcements/emh/00cfa83d-0f9.pdf
The actual Headline : "The European Commission Approves €1.5 Billion French Aid for Battery Research and Development"
I wander if we may see a headline : The European Commission Approves €1.5 Billion Czech Aid for Li mining to double production from 60,000 tonnes to 120,000 tonnes too fast track second block in Cinovec .
With compliments of BelgianBert from HC :
The good news is the EBRD invested in EMH, not in CEZ, nor a direct project investment.
This counters the weak position we had in the EMH (49%) VS. CEZ (51%)- construction.
CEZ needs EBRD-money and approval for this and other projects, even CEZ cannot afford a rip-off deal with EBRD. Before, there was a huge risk with KC selling off EMH at a bad price to the CEZ-consortium. This risk should be gone now.
They love their dividends , the old Czech Gov , they will assist anyway possible to get dividends out of Cinovec in the future , who's going to batting to get that other block up and running .
The payment of the Group's dividends
@SkupinaCEZ
begins today. CZK 145 per share is the highest dividend we have ever paid. We will distribute CZK 78 billion among our 150,000 shareholders. We are sending 54 billion to the account of the majority owner, the Czech Republic. Even this one-time payment is the highest in history #ČEZ
204,700,705 shares on issue post ERBD Cadellin . Based on ASX freefloat , I am certain there are only aprox 12 million shares free float outside top 40 on the ASX , so if an insto wants 5 to 10 % they will more than likely only get to 5.9 % which is this freefloat . And will need to raise purchase price to extract some out of top 40 .
Any one remember this 25 Aug 2020
Don’t be mistaken don’t be mislead
EMH will definitely build a mine and go ahead .
It will prove to be a big bonanza ,
Just like laying down a 10 card canasta .
We will be funded with so much wealth ,
Our mine will build with so much stealth .
All I can say if you don’t invest ,
You don’t believe in the old Midwest .
There they grew in subtle time ,
A great example of paradigm ,
Here we sit and patiently wait ,
For , two dollars fifty I anticipate .
Lol now anticipating 8 to 10 Dollars aud
The Czech Republic will be among the most prosperous countries, Fiala believes
https://echo24.cz/a/HgHTB/zpravy-domaci-tezba-lithia-cesko-prosperujici-zeme-fiala-cez
There will be fierce competition for feed
European lithium demand can not be met by domestic mine supply
https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand
Makes sense now Ghin .
Tesla gunna need some Lithium next door for this little baby surely not gunna build there without Li supply , I'm backing Telsa offtake KC mentioned in last interview .
https://www.tesmanian.com/blogs/tesmanian-blog/tesla-giga-berlin-may-start-production-of-batteries-in-2022
Chemicals companies, battery makers and car manufacturers are all cold-calling lithium hopefuls and miners,
https://www.afr.com/chanticleer/the-coming-lithium-copper-bull-market-will-be-frightening-20230707-p5dmi7
The placement is a vote of confidence in EMH’s project
https://nextinvestors.com/quick-takes/emh-secures-6m-strategic-investment-from-european-bank/
Doesn't this suggest that the FID has been made ?
"EBRD natural resources head Natalia Lacorzana said: “We are pleased to support the Cinovec project, the first lithium project financed by the bank, on its path to become a responsibly mined source of battery-grade lithium for Europe."
Normal source KC
Whisper Happy ,Tesla has been sniffing around again .
Hopefully some instos , might view this as a Catalyst of the project moving forward , and they have had the weekend to study things over , the buy in , under the ERBD due diligence would have positive forward influence to others I would imagine . I am sure ERBD would have gone thru every nook and cranny B4 they requested the buy in whilst they were doing due dilgence for funding . It was a bit like that commercial on TV , " It was that good , I bought the Company " . The instos should be taking notice now , considering we have a block of land to build on this year , some demolition work and refurb office space etc and will be starting to build access roads and the portal with Just fund money as well , this signal too suggests the funding for the project is in the bag . . If the instos do their maths as I have and Gonza , they will find out there may not be any capital raises for capex , and will need to quietly build their positions on line if they wish to take a stake .Lets see , just incase they read these posts : 1 Billion required by Cinovec , $50 mil in bag ( Just Fund ) , additional Free Euro money $100 Mil ( conservative ) , $100 mil each of at least 3 customers ( could be 4 ) , so we will have hopefully between now and October $450 of the $1 bil . I anticipate the EIB will be lending at very cheap interest rates aprox $325 Mil ( Apparently can't go over 50% of total debt ) so we will be left to finance $225 mil , of which our new investor ( ERBD ) will Maybe Provide the balance of the $225 mil , lets say they cant lend greater than 50% of the balance so we get $112.5 mil instead , EMH will have to cough up $56 mil for our half , given we just got $6 mil we need to find an even $50 mil to raise for capex , and wallah at $8 a share aud , we will add 10 million shares to our registry . And I would be pretty sure , the money will also come from our intending customers . Why wouldn't they , and pinch couple of board seats at the same time . This would provide their security over the project forever and for any one else trying to take us over . Lets see if they will be as smart as me .LOL . Anyhow , when an insto or 2 recognise the above , it is going to be fun to watch our board on screen when they start . mmmm just another thought ERBD may also want to chip in , in the cap raise . Well I think we are also now fully funded . Just now need to officially increase production to say 60 k tonnes and were going to be off likes a brides nighty , Don't you love a good plan . All ABOARD . The fun is about to begin .