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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 .
ERBD , happy to show off .
https://hotcopper.com.au/threads/ann-trading-halt.7488481/page-34?post_id=68917156
I think this may be the start of a continual rise in share price fireball , with news impending nearly every fortnigh til FID . This tells us we are mining and with a hopeful upgrade of production i actually see $10 a share alittle bit B4 Xmas . There is only aprox 10 mil shares outside top 40 , they will be very hard to get aftr each announcement
Not at discount but close 80 centish $6 million Euros . The EBRD , will be funding loans as will the EIB , the EBRD is also partly owned by EIB , why would they invest if they were unsure if EMH / Geomet could get funding for the project . This now just guarantees 70% loan , also sends clear picture thoughout Europe that this project is nt only funded but will extract Lithium out of the ground . We are mining boys !!!! And that capex raise down the track , we probaly wont need too . So dilution here and now in the sceme of things wont hurt too much .
At 15 % we could give away 15 million shares at $1 a share or 10.7 million shares at $1.40 at which we raised last time . Wouldn't it be funny if it were a subsidiary of a Babis Company .
From a reply to HC poster .
I don't believe we need this at all , Why ? " Eitherway we need deep institutional pocket for the next stage." they can buy shares on line like we do . Very unlikely we will need to raise too much cash knowing 70% will be coughed up at EU bank level and balance will come from free money and prepaid offtakes .
My take could sound a little like this : .Australia's Sovereign Metals (SVM) said global miner Rio Tinto (RIO) RIO.L agreed to buy a 15% stake in the company and work closely with it to develop a rutile and graphite project in Malawi.
Will be very interesting to say the least if it were an auto maker the headline would read Offtake rather than placement to a strategic investor . It better not be another broker or insto , strategic to me is having control over a larger parcel of voting rights or someone who can give credance to our mining capabillity and yes any less than a premium should be questioned and severly voted against if we need to ratify the deal . I believe they will be limited to our rules in the constitution of the quantity they may be able to do with out shareholder aproval .
Fast Market Venue Howard Klein duscussion .
https://investingnews.com/howard-klein-lithium-market-forecast/
Almost 50% more battery electric vehicles. We continued our transformation to electric mobility in the first half year.
https://twitter.com/VWGroup/status/1679778914300772353/photo/1
They will need to find their lithium a little faster I think .
Leftos , whispers at 60 k tonnes a year .
Ghin , you may need to dilute a little : Options 17,489,500 & Heads : Shares 185,404,485 Total 202,893,985 .
But even so my spreadsheet takes out EMH income tax at 30% and then we would probaly only dividend 70% but my figure for dividend is actually $2.14 aud a share and off course at 60,000 tonnes it will be $4.30 a share dividend . And all that based on production cost of $10,000 a tonne not the 5 or 6 they are suggesting .
The "Mladá" brownfield is already ready for the construction of the gigafactory, with an extremely advantageous location and area, halfway between the car factories in Kolín and Mladá Boleslav, free of ecological burden and ready for practically immediate implementation.
https://twitter.com/PVintir/status/1679179075653451793
In this scenario, miners would be the big winners: million-dollar deals with car companies ensure them huge profits and make it easy for them to borrow money or sell shares.
“I don’t think it’s a risky strategy. I think it’s a necessary strategy.”
https://nationworldnews.com/automotive-companies-negotiate-directly-with-mining-companies-to-obtain-lithium/
France upbeat on attracting major Tesla investment - finance minister says
https://auto.economictimes.indiatimes.com/news/industry/france-upbeat-on-attracting-major-tesla-investment-finance-minister-says/101622474?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etauto_news_2023-07-10&dt=2023-07-10&em=cmhvbG1lczIwMTBAZ21haWwuY29t
And where will their lithium come from , stay tuned on this one ?
Chinese storm' looming over Europe's EV sector, Renault chairman warns
https://europe.autonews.com/automakers/chinese-storm-looming-over-europes-ev-sector-renault-chairman-warns
They will eventually be fighting over our Lithium in Europe .
Through its subsidiary PowerCo, Volkswagen is investing $100m in the deal “as a prepayment for future nickel supplied by the mines”, the Financial Times said.
https://www.mining-technology.com/news/volkswagen-stellantis-acg-mining-acquisition/
Mmmm how much can you read into this , Lets say we end up with 3 customers , prepayment $100 mil each
Mmm interesting :
Prepayment : $300
EIB : $500
Just Fund : $50
Other EU Cash : $150
ERBD : $100
Mmmm I smell excess cash to build , No more shares for EMH to dish out ?
EU’s Transition to Green Economy:
o The EU Critical Raw Materials (CRM) Act, has been adopted by the EU
Commission in March 2023. The legislation aims to make the EU more self-reliant
on mining including Nickel, Copper, Cobalt and Lithium2.
o The EU Green Deal recently adopted also aims to allocate €1 Trillion of Funding
to combat Climate Change and €40B to transition fossil fuels to green energy,
which would including investments in Nickel, Copper, Cobalt and Lithium3.
The projects are exceptionally well located, almost on the doorsteps of 27 lithium battery
“Gigafactories” in Europe planned for 2030. Ransko and Otov are within a c.500km radius
of these Gigafactories and there is also potential for Volkswagen (VW) (and Czech based
subsidiary Skoda Auto) to build a Gigafactory within the Czech Republic”.
https://announcements.asx.com.au/asxpdf/20230704/pdf/05r8w6bm3mvbxj.pdf
EIB loosening their purse strings :
Europe’s first anode plant nears construction as EIB agrees €150 million Talga loan