Member Info for HappyLiUK

FYI I’m still under the opinion it is a strong buy here.

Huge gains to be had for shorter-termers

On DFS etc it’ll exceed original £1+ from 2021 no doubts.

Would like to see them hurry on a little, wouldn’t we all but that’s human nature.

Interesting read and pretty on point amidst all the ramping/de-ramping

https://finance.yahoo.com/news/european-metals-holdings-asx-emh-222926198.html

Although I am a firm believer this’ll rocket on DFS/Offtakes etc.

This week has left me very disappointed and the dec 2023 let down just feels like it’s continually being dragged along with very little transparency.

I’m intrigued to see the updated timel when it eventually drops.

For now, Lets see if May has some uplifting new inbound

Just 2 items.

1. Will we get a grant without having a DFS compiled & available (is it not a precursor) ?

2. What’s everyone’s prediction for the revised DFS date?

That’s certainly a positive Alex.

One would hope CEZ ownership would help shave some lost time off

I’ve a genuine stake in the game here so I'm realistic with facts.

Of course we all know the Size of mine, Li % etc, we’ve heard the same talk for 5+ years here.

But such a big delay again (as an “investor”) means a negative.

Seems we’ve a battle here between ‘the bot’ & the ‘Ramp’ who can be the most extreme in their own opinions.

I genuinely don’t understand both your angles , one so desperate to destroy everything here & the other to roll everything in glitter

People don’t talk about Mcap and grants because the project & DFS just got pushed back 12+ months.

Wise,

I dont mean any haste at all, however it must be mentioned you’re showcasing a poor understanding of CAPEX projects and what is required, by continually countering / ramping via old (failed before) news.

I’ve personally worked on major CAPEX projects for a long time.

If i was part of the steering groups/stakeholders/board I’d be sat wondering how we begin to claw back such a negative schedule impact.

Black & white this is now a 2025 conversation

The rampers really need to stop.

We’ve just been told in corporate jargon there is no DFS and it has to be started again because the whole facility has now been scrapped and we need a new one.

This delay is hugely detrimental to a a company’s CAPEX project delivery plans.

If you don’t understand that you’re really in the wrong game here.

12 months +

From a F.E.E.D perspective

Conceptualization changes

Preliminary engineering changes massively

Cost estimates start again

Risk assessment start again

Scheduling/planning starts again

Procurement has big impact

Stakeholder engagement changes dramatically

All eng documents need revising from scratch

Wise, although I join you in confidence we’ve a certified winner here.

I only read in that RNS that they’re starting a new DFS with revised data.

In a level headed world that just says it was never on track & we need an excuse to delay.

They would have know this info for some time.

Come on Skelly, Genuinely wondering what has gone so wrong with you that you have to pick at everything and everyone on this board.

So 25,000 tons Li confirmed

No DFS complete

Sites moving which will bump up transport / operations costs

Part 3 (google translate)

…

There is still no feasibility study

The mining of lithium itself is to take place in Cínovec, in the locality of Sedmihůrky. It will be deep. On the surface, there will be an entrance to the mine with an area of ​​approximately 22 hectares, which will provide safety and technological service for the operation of the mine.

Logging will be carried out in large chambers at a depth of 150 to 450 meters below the surface using explosives. The excavated rock is crushed in the mine and transported to the surface by a belt conveyor. ČEZ and Geomet plan to extract over two million tons of ore annually, from which approximately 25,000 tons of lithium will be produced.

ČEZ and Geomet are now preparing a so-called feasibility study for mining. It was supposed to be finished by the end of 2023, but it needs to be completely redesigned. After all, the race in Újezdeček was also covered in it. The method of transporting the ore from the mining site to Újezdeček is still not resolved, the plan is a cable car or belt conveyor.

In Prunéřov, the processing plant should stand on the site of the former lignite power plant.

Part 2 (Google translate)

…It's a turning point. For years, representatives of Geomet claimed that they carefully selected Újezdeček from 21 locations and "there was no other way". So today they turned.

"Prunéřov was also in the game during the first assessment, it's always a final decision about some optimum of costs and acceptability, what is possible to implement," added Štěpánek.

According to the miners' estimate, there should be around 60 trains per week from the Ore Mountains to Prunéřov in Chomutovska. "I don't think that the number of trains would be so high that it would dramatically burden the neighborhood or the railway as such," says Štěpánek.

"It's a small victory for us. We will certainly still deal with water protection, but that is already one of the details," responded the governor of the Ústí Region, Jan Schiller (ANO), who was among the critics of the plan to process ore in Újezdeček. "I also want to initiate negotiations with the Ministries of Industry and Education so that we can agree on whether we should already create any work or study fields in order to prepare technicians and not to import workers from elsewhere," he added.

There is still no feasibility study

The mining of lithium itself is to take place in Cínovec, in the locality of Sedmihůrky. It will be deep. On the surface, there will be an entrance to the mine with an area of ​​approximately 22 hectares, which will provide safety and technological service for the operation of the mine.

Part 1 (google translate)

The people won. Lithium will probably be processed in Chomutovska, not near Teplice

The people who protested against lithium processing in the Újezdeček location near Košťany in Teplicka won. Mining company Geomet announced today that the planned plant will not be here. The ore mined in the Ore Mountains is to be taken by trains to Prunéřov in the Chomutovsk region.

It seems that the miners have begun to listen to the concerns of the residents of the Ústí Region, who have been protesting against lithium processing for about two years. In Újezdeček, at a place called Dukla, where the processing plant was supposed to be, according to the latest decision of the miners, there will only be a transfer station, the mined ore will be loaded onto wagons here. The plant was supposed to be in the immediate vicinity of family houses, and further construction is planned on the site.

We took very seriously the objections voiced by the mayors, the governor and members of the regional council that the whole project significantly interferes with the lives of people in Újezdeček and the settlement of Dukla. We were looking for another location that would allow us to implement the project. We researched many of them, and in the end it turned out to be the most acceptable and economically meaningful location in Prunéřov. We plan to move both the mechanical processing of mined ore and the chemical part of lithium preparation here," said Ladislav Štěpánek, chairman of the board of directors of Geomet, which owns 51 percent of the semi-state ČEZ.

Would expect some further news this week being the final “full week” of April.

Still adamant the short term’s and those that got in sub 20’s are going to make an absolute killing here

GLA

A positive week so far,

Up near 15%

Up 35% this month

Appointment of new Non-Executive Director, bringing over 30 years of experience in the mining and metallurgical sectors, including expertise in lithium-ion battery supply chains . . . . and German Automotive OEMs

DFS inbound.

Offtake certainly will drop at the same time.

Have a great weekend all.

Well that’s a bit embarrassing on the boards part .