Member Info for HappyLiUK

The Czechs have a big chance here to step up in the EU by moving forward with the project (largest li deposit in the EU). If this takes off, it could put the country on the map as a major player in the EU’s greener energy push, reducing the need to import li in EU & create a lot of jobs for people in areas losing coal mines.

If it gets solid political support a& investment backing, this could be a turning point in Czechs role/ influence across EU.

Question is, do they remain a miniature/insignificant EU member or step out the shadow

That certainly would show some indication the region is gearing toward it

Some indicators as we approach 2024 end:

Cheap 2026 Options: Options priced at AU$0.25 for a 2026 exercise might suggest the company’s management isn’t expecting a rapid increase in share value soon. If they believed the stock price would climb quickly, options would usually be priced higher to maximize value for early investors and keep dilution controlled.

Low Cash Reserves ($4M Left): With only $4 million remaining, the company may be limited in its ability to fund large-scale activities or major projects without raising more funds. Low cash reserves, especially for a resource company working on a big project, can indicate that they’re in a holding pattern rather than on the verge of a major breakthrough.

Delayed DFS: A two-year delay in the DFS (a key document outlining the project’s economic viability) could suggest the company is encountering technical, financial, or logistical challenges. The DFS is crucial for investors because it provides details about how profitable a project could be. If it’s delayed, it could mean the company isn’t yet ready to advance to production or attract more significant investors.

In short, the combination of low funds, delayed project milestones, and inexpensive options might suggest that the company is not on the verge of major, value-driving news.

Instead, they may be focusing on stretching out their current resources or working quietly on long-term improvements without an immediate breakthrough expected in the near term.

Strange times, is VW about to go under?

€4bn cost saving to start, 3 EU based factories closing

10% pay cuts from all remaining workers. Plus tens of thousands of job cuts

https://www.businessinsider.com/volkswagen-considers-closing-factories-germany-job-salary-cuts-autos-2024-10

Mick, agreed.

Also theres absolutely no chance Czech’s will let it slip.

They’ve a chance to step out the shadows in the EU and become a real player with their export

Lukask thanks again for the updates

We can’t deny at this stage now there’s a good chance for people to invest

The lul is over

Would expect some strong gains from here to 2025 for those short term investors

I’ve averaged down a lot this last 6 months so am excited to see what’s next

With RIO buying Arcadium Lithium for 5.1Bn (5.85 USD a share) we should all start recognizing the confidence & play inbound.

It may be slow but diversification into Li, challenging china's dominance, securing key resources are all good indicators of a change coming and a strategic growth in battery metals.

Understandably we still need to get our skates on, but sector confidence is about to swing more positively

A slow resurgence inbound

Got to be a positive move however? indicator something is inbound?

“ According to earlier announcements by ČEZ and EMH, the mining itself was supposed to start at the turn of 2026 and 2027, but the condition is to obtain a building permit by the end of 2025. This does not seem realistic. For example, the EIA process has been going on for three and a half years, and Geomet has not yet submitted a detailed study on the environmental impact of the project”

This really is becoming a worry.

Saw this posted on EMH LinkedIn page

https://www.proactiveinvestors.co.uk/companies/news/1057242/european-metals-confident-of-lithium-recovery-1057242.html

The last project update (july 31st) told us little bar the impacts and delays, wonder if KC will have the balls to give an honest update to end of Q3?

I’d say in the current downturn it’s essential that some positive news closes out Q3 to keep trust in the process.

Thanks for the link Rpks.

Rekindles hope when you read the

´´Based on the latest data (2022 updated pre-feasibility study39), the Cinovec project

will be a fully vertically integrated battery metals project which foresees to start its

mining operation in 2026. It plans to operate for 25 years and produce annually

almost 30,000 tonnes of battery-grade lithium hydroxide. For the context, the EU

industry will need 400,000 tonnes by 2030 and the Cinovec mine can contribute to

almost 8% of EU future demand´´.

EU does need this, that is a fact

Can’t really answer that Skelly.

If there’s a DFS it’s move, if not it’s over I guess

Teddy is say if you were buying now at such a low price you’d be making a great profit when a DFS does land.

EMH are starting to look like KDNC

Let’s hope we don’t hit 2p like them & end up washed up in BS Soup for years

Same here GreenMachine

What a shambles eh.

No idea,

But dear lord we need some good news right now.

Catastrophe

I don't visit this board regularly purely due to the SP.

But seeing it now, is this company pretty much over?