Member Info for HappyLiUK

A very good read Sid

Hope everyone's having a good week so far.
Its December tomorrow which means we are ever closer to Q1 2023.
I cant see much else coming in now for December.
I'm really hoping the first RNS of 2023 is some of what we expect (& hope).

2022 has been a yo-yo here for us all, I'm sure many of you feel the same, especially those of us in the Long term hold position.

Can have mine for £3

The market confidence means zero to us here . . . the EU is about to invest hundreds of Billions into the space.
Only a fool would sell & only wall street will manipulate for their own gain.
Hold the line!

Remember last year when we were 1.06 on far less info and speculation than now . . . hold the line!
wall street will be chasing to gobble your shares on the cheap like Pac-Man

Who else is tuned in . . .?

I just thought that Sid . . . . then again he has 200Bn to toy with so should have moved by now?

EMH & all involved are doing the right work to ensuring it is perfectly set up for being thee major supplier in EU.
If anyone were expecting things sooner they've not researched or understood the complexity of this project.
Who's not happy to sit it out a short period for a x5-10 bag. . . . ?

Its an incredibly positive RNS.
By far the most positive movement of Zinn so far.

''long term European offtake partners early next year."
That is the most important part of all!

It could be a great indication of the positive end incoming for 2022.
German gov support means 'EU support' & funding guaranteed.
Germany must be the dominating force on the EU continent when it comes to Energy so this is hugely positive.

continued . . .

Milestones

The options to be issued to Luthardt Investments are unquoted and are exercisable at AU$0.80 each on or before 30 December 2023, subject to the following vesting criteria:

(a) Tranche 1: on or before 31 December 2022, the Company receiving confirmation in writing in the form of a letter or other official correspondence from the federal government of Germany (or a department acting with delegated authority) or the Saxony regional government of Germany that it will formally support the Cinovec Project and the supply of lithium products from the Cinovec Project into Germany and use its best endeavours to assist the Cinovec Project in permitting and funding, apart from other factors.



(b) Tranche 2: on or before 30 June 2023, the Company receiving confirmation in the form of a letter or other official correspondence from the federal government of Germany (or a department acting with delegated authority) or the Saxony regional government of Germany that it will formally support an increased production plan for the Cinovec Project subject to supply security considerations for European manufacturers of Electric vehicles and batteries.

The options are otherwise on standard terms. The Company does not intend to seek shareholder approval for the options because they will be issued out of the Company's existing placement capacity under ASX Listing Rule 7.1.

ENGAGEMENT OF GERMAN STRATEGIC ENERGY INVESTMENT ADVISER

Executive Chairman Keith Coughlan said:

"I am very pleased to be working with Sven and Ludhardt Investments to advance the Cinovec Project and to bring to pass the vision which we have always had of Cinovec supplying a sizable portion of the Lithium needed to fulfil Europe's lofty ambitions of becoming battery self-sufficient.

"European Metals is well positioned for the rising demand in battery materials, developing the Cinovec project, the largest hard rock lithium project in the EU, which is centrally located on the Cech Republic's border with Germany. The project possesses excellent ESG credentials which will enable the production of battery grade lithium hydroxide and carbonate with potentially one of the lowest CO2 emissions, globally."

Nice rose today, what did we miss?

So that's BMW making their play.
Still no VW or Tesla plays in EU

Fingers I think you're right, VW will be the one.

I am curious, maybe anyone else has an opinion, as to why MUSK hasnt yet snapped up and real supply chain in the EU.
He alone has unthinkable funds available & a few billion is literally morning coffee money for him.

Translated = HOLD or BUY those shares.
Don't let filthy wall street whales muscle you into selling short!
Good luck to all as always.... & patience friends

Fingers is that USD or AUD?

If VW lose out & need to go to china, (which will be stealing Li from Africa, Aus & Central America), they'll lose any chance of recouping their 'green credentials', which they so desperately need to turn around after the emissions scandal.

They've no choice but to acquire EU supply chain

Good find Fingers!
Sounds super positive