Member Info for HappyLiUK

Follow the Ukraine war plot and Lindsey Grahams announcement that the war is for the Lithium, Minerals and mining.... quote ´´ 12 plus Trillion need to be secured to stop Russia & China´´

Ursula V D L is a snake & pushes that war relentlessly for them, nobody in the EU will be mining before her & her friends have exploited their end goal there.

Follow the money . . . .

Well its happening,

Hate to say but the BOT was right . . . . PENNIES IN THE POUND

Scob there´s nothing cynical about expecting transparency.

I fully agree with you.

Alex im also on the same thought train.

Its been very tough to witness and my investment returns plan slow so bad.

But Ive a feeling market growth will come again.

Its a cheap buy right now, good for you ´top up´ types

Whats the thoughts on the change?

Potential Positives?

Expertise and Resources.

Reputation.

Strategic Alignment.

Potential Concerns?

Transition Challenges.

Service Continuity.

Fit for purpose.

Awfully quiet on here at the moment

Anything inbound ?

Theres no benefit at all to a 14% spread, the stock just isn´t traded frequently. Low liquidity makes it harder for the market to find a fair price, so a spread just widens to compensate for the risk taken by market makers.

Hope I didn’t sound negative

I’m sure it’ll come good in time (overdue of course).

But I just wish they were more straight-up with happenings

It is very clear that the pant had to move due to local opposition.

I hope the new site already has the clearance, this is something that should be communicated to shareholders.

Thanks Rpks,

I must admit this really doesnt sit well with me now.

My gut told me to sell up back when we were 20p plus and I stupidly held off for DFS.

Now my guts telling me this may be a never-start.

Whats everyones take?

We´re about to hit Sub-10p SP now.

Absolutely shocking

Super quiet again.

Are we assuming we just sit for a long period again now after that schedule crushing RNS?

Just for clicks as we’ve nothing happening this week.

Listened to Elon in the Trump Spaces discussion on X about moving to a sustainable energy economy….

"It is something we need to move towards; People can still have a steak and drive gas cars. I don't think we should vilify people for it, but I think we should generally lean in the direction of sustainability; I think Solar is going to be the majority of Earth's energy generation in the future.

So you get the solar power and you combine that with batteries and you use that to charge the electric cars, and you have a long term sustainable solution. That's what Tesla is trying to move things towards; But when you look at our cars, we don't believe that caring about the environment should mean that you have to suffer, so we make sure that our cars are beautiful, that they drive well, that they're fast, that they're sexy. Model S, Model 3, Model X and Model Y spells out SEXY. It's probably the most expensive joke ever. I'm a big fan of let's have an inspiring future."

I can’t see a future without full EVs etc, understand we need to be patient (frustrating I know), but it will happen

With the likes of Serbia protesting Rio Tinto & Lithium extraction in their nation, it would have been amazing timing if we were further forward than the current state of play.

I cant see Czech nationals protesting CEZ.

So not only is the DFS not happening nor is anywhere near being complete , the CRMA is a shambles & no benefit as of yet because it’s not finished itself

2024 is a complete disaster

Trump tonight: "I'm for electric cars. I have to be because Elon Musk endorsed me, so I have no choice. I'm for them, but for a small slice. They want to go all-electric & there's no way you can ever load (charge) them up; A charger is a gas pump with electricity coming through."

I care not what that man does or says politically or personally, nor am I from the USA, but sounds like a change in stance on anti-EV USA.

If he does win an election & EVs get a push it’s good for the sector as a whole right?

Its really tough to sit here this morning with the realization that the DFS will now be 12+ months.

RNS in short ....

More Delays

Project delayed much further due to the added geotechnical work needed for the new site at Prunéřov.

work is crucial to determine the best construction methods / layout, the results are expected by end of Sept 2024.

Updated Timeline Pending

new timeline for the completion of DFS & subsequent construction steps is pending & DRA Global cant proceed now until geotech work is certified

Financial Implication

delays always = increased costs, extended project timelines, added studies, potentially higher labor & material costs the more years keep getting added

Project Progress

despite DFS delay the project team has been working on improving the plant's processes. Specifically focused on the FECAB and the LCP which should help enhance the efficiency & profitability of the project once operational

Confidence

ongoing delays will impact market confidence. Stakeholders, PI´s, potential customers may be twitchy about the project's ability to meet deadlines & actually deliver it

Personally the real frustration for me is KC knew all this in 2023

Well it’s August this week.

Another month has passed in the blink of an eye & absolute silence from KC

Will we get any news before Thursday ??

Watching that video back, KC is bordering near 1 whole year of failure on that delivery.......1 YEAR !!!!!

Come on guys, lets hear something positive on updates & timeline, it´ll be Q4 before we know it.