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he’s taking the ****. i’m surprised he couldn’t find one in black and white

As if by magic another article appeared in my inbox. A flippant article that brushes aside all those jobs that are potentially at risk in the uk automotive sector….

https://www.spectator.co.uk/article/britain-should-get-out-of-the-electric-vehicle-business/

The uk gov has for years been to talk things up but do little in reality. I was reading an article last week in the FT about a uk based company that was pioneering a new type of computer chip that if they can get it to work would revolutionise the industry. Looks like the company is either going bust over a gov grant of £100 million that has been reneged on. In contrast the arms race for this tech has been earmarked by China with a budget of £6 billion. We’re not even at the races. We’ll always be a busted flush when we have leaders who live in ivory towers that know nothing of living in a competitive world. They have relied on the financial services industry for far too long.

Https://youtu.be/RxBGd6w-t8w

KC interview

Sid, production at 50k per annum and 25k per tonne quadruples npv.

“With the Prime Minister of Saxony @MPKretschmer we signed a memorandum of cooperation on the implementation of projects of strategic importance.

I believe that this memorandum will facilitate our cooperation on the development of the lithium deposit in Cínovec and, in the future, the creation of an entire production chain for automotive batteries.“

Https://twitter.com/p_fiala/status/1658516979638992905?s=46&t=t8DrDQ27zzb5My88ij72gQ

Agreed, how many more clues do we need?

That is very true Dave but cast your mind back to any rns from cez that specifically mentions cinovec and you’ll probably be left scratching your head. I know KC gets it in the neck but I think that cez are more culpable with their lack of news. Everything is placed under the fid banner it seems and until this we probably won’t know too much. Where the emh sp is between now and that news is of no concern to the Czechs. KC is caught in the vice-like grips of cez….

Down about 8% in aus overnight means that we might dip under 30 tomorrow. Not good enough I’m afraid.

Yup, the article from earlier seems to back up this brinkmanship. By stating that the mining operation had now taken precedence this might have caught vw on the hop a little. Something I’ve been saying for ages……hopefully now geomet/cez have realised that they can take nothing for granted and need to take steps that guarantee Czech industry within their country no matter what… or for that matter who the customer is. That is precisely what the mine/processing/product part of equation equals. This part of the “salami slice” is something they need to use to their advantage going forward…

Nothing new in that article as far as I can see. The decision to build does not say 2025 rather it mentions construction starting in 2025 with the caveat that if the EU can match the IRA then the decision to build would be sooner.

It’s from q4 2022

https://twitter.com/czechlithium/status/1654022537905414145?s=46&t=t8DrDQ27zzb5My88ij72gQ

Unfortunately, we are witnessing that the project is changing with the salami method ," he said. The construction of a Volkswagen factory for the production of batteries for the company's electric cars began to be talked about last year in connection with the airport Líne near Plzen.

Does anyone know why why CEZ have stopped drawing money down from the eu fund? The article mentions it but doesn’t reference it.

Must be some goldfish

For all this talk of getting rid of KC can I ask what people think will change if someone else is at the helm? Keep in mind that we as a company are very much the minnows here and appear to be very limited in the way the future of cinovec pans out as a going concern. As frustrating as it is I’m afraid we don’t have anything to offer anyone that is in a position to influence things

Reading the article it seems to me that someone within the Czech state recognises that both mining and battery making are not mutually inclusive. Something some of us here have been saying for years.

Looks to me like a mistake on the authors part.

Don’t know who the guys are, brokers and shareholders is all it say. On reflection I can’t help but feel they’ve missed out here. If they can meet these guys then surely it wouldn’t be too much of a stretch to invite shareholders that are actually in Europe. We don’t get the chance to meet up at their agm in Perth so why not meet at cinovec?