Member Info for Jemesa

My bad. I won't engage further and actually don't need to. Her two contradictory comments next to each other say all we need to know.

i agree that when you see delay in a project that promises a lot and ticks so many boxes is incredibly frustrating. more so, if you invest and see the share price slide.

so, if skelly was expressing genuine frustrations about the delays, i don't think a single person would "have a go" as you put it.

the reason people respond to skelly (and his 1600+ emh comments) is he is talking absolute *******s 99.9% of the time. yes the odd whine about kc is perfectly acceptable, but creating market hype around the project is part of his job, and i don't think anyone leading up to 2020 saw what would happen next. emh/geomet was always based on a compelling plan - the eu needs to mine its own lithium for energy security. keir starmer was lamenting yesterday that the uk has zero control over energy prices because it has no projects ready to go. the eu will be making damn sure that geomet is ready to go pronto - not 2030. keith is quiet because he has to be.

but - there is also this point that people should be aware of the project is tier-1 mining. in 2015, it was a speculative geological theory - and investors at that time were buying the speculation based on an excellent premise.

but in 2026, it is an audited industrial project with a $2 billion npv and a confirmed €400 million sovereign grant. the promise or dream has evolved into a "national strategic asset" protected by the eu critical raw materials act. the reality now is that this project and critical asset is now the only state-backed lithium source of this scale within eu borders - that is nearly ready to go.

the comparison to the bacanora buyout ignores the "sovereign shield" of the cez partnership. unlike bcn, which was vulnerable to a predatory takeover, cinovec is 51% owned by the czech national utility. this state-level involvement ensures the project cannot be stolen at a bargain price, as the czech government and the eu have a vested interest in maintaining its full valuation to secure european energy independence. the science and finance are already settled and audited - the market is simply waiting for the final regulatory signature on the eia permit to bridge the gap between retail sentiment and industrial reality.

so, back to the point - all of skelly's arguments against the dfs, and the economics are utter bullcrap - he's simply an embittered person (perhaps even keith's ex wife as he fits the profile) - deranged and not interested in understanding, just interested in failure due to anger issues and narcissim which he sprays all over these message boards. skelly's traits include: never responding to a point, deliberately misinterpreting, and disappearing as soon as good news or the share price rises. there's no reasoning with a narcissist, and unfortunately she's not even a clever one because that could at least be entertaining.

Sounds like you’re missing Keith.

A project with a $2bn NPV that is now a national and regional security asset doesn’t leak or allow day trader focused podcasts. You don’t seem to understand anything.

Yesterday, you posted 2 comments next to each other - in the first you talked about ramper comments and in the second you claimed nobody could influence the market cap on a message board. Hoping you can see your own contradiction at the very least.

But if you can’t, you’re hardly going to understand this project and what’s happening.

No, ex - Mrs Coughlan - you are wrong.

Nobody has time to go thru your 1600+ deranged comments and show you are consistently wrong - you are only here because we're in the pre permit orphan period and you like spreading nonsense. You will disappear like a bad smell once the price rises.

You are wrong about the the DFS - the DFS is an audited 500-page engineering and financial document that is not for you - but will be used for one purpose - to secure multi-billion-euro project funding. It is intentionally conservative, utilising lower-end lithium price forecasts that leave significant room for profit expansion as global demand recovers - 2026 is showing this already (imagine the next 27 years).

Regarding your silly concerns over CAPEX and dilution, the financing is structured at the project level (Geomet), not the shareholder level. With a €400M non-dilutive state grant already confirmed, the remaining CAPEX will be covered primarily by senior debt from strategic lenders like the European Investment Bank (EIB) (a major shareholder) at preferential Green Transition rates, likely between 3% and 5%. This project-level debt does not require EMH to issue new equity to the market. Dilution will be minimal.

The DFS actually projects a post-tax Net Present Value (NPV) of $2 billion, demonstrating that the project generates enough free cash flow to facilitate rapid debt repayment and a modular ramping up of production as the European battery market grows. You have not understood NPV - The Net Present Value (NPV) is, by definition, the "net" surplus that remains only after every single penny of CAPEX and OPEX has been subtracted from the projected revenue over the mine's entire life. When the DFS states an NPV of $2 billion, it means the project is expected to generate that value in today’s money specifically after the initial $1.3 billion construction cost has been fully paid off and all daily running expenses—including electricity, labour, and taxes—have been covered. To suggest that a high CAPEX undermines a $2 billion NPV is a mathematical contradiction - the NPV is the clear profit left on the table precisely because the project’s massive revenues are more than enough to swallow the build costs and operating expenses combined.

Your silly claim (made recently) that high energy costs will cripple the project is factually incorrect because it ignores the strategic partnership with ČEZ, the Czech Republic’s primary power producer. As a 51% owner of the project, ČEZ provides Geomet with long-term industrial Power Purchase Agreements (PPAs) at stable, wholesale cost-plus rates.

In short it doesn't matter that you don't understand the DFS - it is not for you - it is for lenders who want to strategically support this national and regional security effort designated under the CRMA with 400m Euros in grants - potential to ramp up (vertical integration), processing facility for other miners - and tin and tungsten as by products with Euro app

Dear ex Mrs Coughlan (aka Skelly) - then why, my dear, have you spent what appears to be a large chunk of your life writing deranged nonsense here.

Here's a stat that you may actually be able to understand (because you have failed completely to understand the DFS, what it says and who its for) - you have posted more than 1600 deranged comments about EMH.

Time to move on perhaps?

Skelly is KC's embittered ex-wife and has been trying to tank EMH for her own deranged reasons. Best to ignore.

Nobody was saying anything of the sort. Your deranged obsession with EMH failing combined with your extreme reaction to Keith means it’s impossible to convince me that you’re none other than Keith’s embittere ex wife. Hell hath no fury and all that and how else can you explain your 1600+ posts hoping EMH goes belly up. Deranged and estranged is the only explanation! Ex Mrs Couglan!!!!

I don’t think @LukasK is saying that. I think he’s pointing out that the fact Geomet has govt support is the most significant factor, it’s not whether there’s local opposition or support. It’s a practical point aimed at demonstrating the project will proceed as long as govt wants it to.

Possibly, Keith’s ex wife?

Skelly get's funnier the more he says, because he's exposing how little he knows and how desperate he is to be taken seriously.

His silly energy argument ignores the fundamental structure of this JV. The project is not a junior mine buying gas on the spot market - the fact he thinks it is shows how little he understands. Cinovec is 51% owned by CZ's national power utility. So they won't be buying energy at retail rates like Skelly thinks.

The are actually not just an energy provider - but THE ENERGY provider.

The processing plant is at an existing power station to for grid infrastructure and brownfield efficiency. Skelly doesn't seem to have a clue what this means but I am grateful that he's shown how little he understands here.

Then and perhaps most hilariously he goes on about the 'Iran war' and high opex which is his most boring drum he keeps beating - but here he has made the bull case for the project - which you are explaining to him in vain as again his knowledge is superficial. In this geopolitical climate, the EU’s priority shifts from what's the lowest cost to what is provides the most certainty of supply.

He seems to have missed (somehow) that the project has Strategic Project status under the CRMA AND has €400m in grants and the EIB debt specifically earmarked for these projects exist to absorb the exact macro shocks he waffles on about without understanding.

Then his 'half a billion' funding gap he also craps on about is a total red herring - once you subtract the €400m in free equity from the grants and account for the 51% CEZ carry, EMH’s actual equity requirement is a fraction of the total capex.

I have seen already that he has zero understanding of the DFS and what it actually means as a financing document, and he just doesn't understand that the EU isn't building a mine because it's 'cheap'; they’re building it because, in 2026, domestic lithium is a matter of national security.

He's got a personal issue with KC - and this blind hatred is what is causing him to come on here and spout total nonsense all day long - because clearly he has nothing better to do.

hilarious nonsense from a few posters that seem to be smoking crack.

skelly is promoting fear (perhaps because he's shorting emh) and wants to focus on spot price fear.

unfortunately for his little game - the eu and cez are building for sovereign security. the latest published reports confirms emh is currently the only lithium project in europe with a €400m head start, and it has serious financiers as shareholders, and many other reasons to secure a strategic partnership, offtake(s), and cheap finance.

keith doesn't listen to crack *****s for financial advice, and neither should we.

This is a fair point, but I am not sure it would have fallen to the bottom of the pile, rather commercial terms may be difficult to agree in the context of 2026. Any buyer will want to fix prices and expect a discount at this stage of the project. It's also likely that there's some interest in terms that would see the lithium remain in CZ for domestic uses - subject to what is likely to be a complex fair market value legal term that meets EU law. Anyway, long way of saying a rushed offtake may not be what shareholders want in the longer term. I see the scepticism (some who seem to like to be cryptic in the hope it makes them sound intelligent) - but the published reports today confirm that EMH is taking every step correctly, filing the EIA, consolidating it, confirming the grants, and the 36m just transition deadline of 30 June, noting the permitting complexities etc. So I would say at this point everything is exactly where it should be - if a legal process requires an EIA no amount of amateur frustration or cryptic twaddle will make it happen any faster. For context - this is a high risk AIM venture that has been significantly de-risked, is complying with the toughest environmental laws anywhere and has the backing of the EU politically and financially - what more can you ask for - especially in the AIM context :)

OK if you didn't have this sort of standard cautionary language for a mining venture we'd be questioning what universe we'd fallen into. Also these complexities such as cross-border impacts and land access aren't news - but known variables that are being systematically addressed through the project’s Strategic Project status under the EU’s Critical Raw Materials Act (CRMA).

This status legally mandates expedited permitting deadlines and grants the project overriding public interest status - put simply at the EU level they have thought about and are implementing a programme to end the drift - whether it works will, of course, be dependent on some centralised action within CZ - can they do this? Well, they have in the past.

Also it's clear that Geomet has responded strategically (hence the prolonged silence) towards a a Unified EIA which has merged the mine and processing plant permits into a single administrative track. This is the JV taking a deliberate de-risking strategy which has caused up front short delays but are designed to prevent sequential delays and make the project bulletproof.

CEZ and the €400 million reasons shows that the risk of a fundamental block appears minimal.

I am interpreting the "no news is good news" because time has been taken to lock in this unified, legally robust structure ahead of the June 30th grant deadline.

I get your point, and that we agree the decision must. E made with the 90 days - I’d suggest the strategic nature of the project would mean days/weeks. So it could be quick. Regarding opposition - I wonder how much it’s because of awareness of the availability of compensation via CRMA mechanisms to move projects forward. I’m no expert on Czech psyche - you are, but generally good EIA conditions, and the right financial packages ease things along

Thanks - I think this is really useful. The analogy of the EIA as a relay race works under normal circumstances and I agree in normal circumstances 30 June would be difficult.

But there is nothing normal about this project and there are at least 3 ways the speed can be increased:

First - The CRMA Framework and Article 10 provides a legal basis to bypass traditional administrative bottlenecks. As a project of 'Strategic Interest', Cínovec qualifies for 'Single Point of Contact' status. This legally mandates a streamlined permitting process, allowing the Ministry of Industry (MPO) to act as a central coordinator. This framework is designed specifically to prevent the standard infighting between govt departments (that are universal and not particular to CZ) - the EU is aware of this issue - hence the CRMA.

Secondly this is potentially strategic infrastructure in the National Interest, and as I understand it CZ State can and has deployed significant administrative resources to ensure that the comment processing phase is handled via parallel processing rather than a linear sequence. I think you are hinting at this in your response - so apologies if this is just repetition - but also noting I am unsure whether Cinovec does meet the threshold for this in terms of national strategic interest (I am biased and would argue of course it does - but I don't know if CZ whether this is the case)

Thirdly the The €360M JTF grant plus the extra 30m is a significant political commitment for the current Cabinet. Losing this funding due to internal restructuring miserable politically (and every government knows no matter how much they argue against climate change - this is just external posturing for votes from idiots (eds note: Sorry for calling climate deniers idiots - but unfortunately not only do they exist but they are idiots) - and in reality nobody will want to miss the creation of this industry for the future of CZ

I think too that the recent merging of the EIA filings (MZP506 and MZP529) suggests a deliberate strategy to 'bulletproof' the documentation against future legal challenges, ensuring a smoother transition through the final stages.

The recent silence is frustrating, but it's most likely a sign of something big and behind the scenes happening - there's an old saying you should never find out how laws and sausages are made - and to this, I would add, multibillion dollar infrastructure deals too.

Fair enough, but is it government that's really driving this? It's CEZ, and CEZ has many shareholders, and so we're not really waiting for government permitting, we're waiting for someone from CEZ to take that EMH board seat. If this project was being run by government, then I'd agree with you.

Respectfully, your first option is not on the cards - I would replace that with the most likely scenario which may have been planned from the start - Government uses the Critical Raw Materials Act (Article 10) to designate the project as a strategic priority - the Ministry of Industry steps in and compresses the timeline for the EIA processes and government signs off on the project - meeting the 360m grant deadline.

I think it's worth taking a step back, and realising what the EU is trying to do with the CRMA and the whole strategy and funding behind this - the EU understands the challenge posed by member states that puts them and the EU at a disadvantage from countries with strong centralised control like China or with weak regulatory and governance structures (other places lithium is mined) - the EU has been puzzling how to unlock the resources (lithium) when it is aware projects in the EU get mired in national bureaucracy, inter-ministerial conflict and the like that just delay and delay things. Here we have a situation where sophisticated players understand what it takes to get big projects through the CZ system - this legal bypass for national interest projects has been used before - and I think (hope) that this is what investors are starting to see - this project is too important to fail in the current context.

We could see a RNS within the next few days that would combine a number of big announcements and pave the way forward - Keith has been quiet for some time, as he's just a spectator to all of this - showing that this is moving in ways he cannot control, and the bigger the wave the more unpredictable it is.

It will be interesting to see who is appointed to the EMH board, once this is finalised, because there seem to be a number of workarounds to the changes within the Min of Environment, and the bigger picture here is the strategic nature of the project, the grant funding, and who will be lining up for EU approved lithium. These are the unfortunate issues that take place with big projects, and it's never pretty - but the momentum is behind this, and the Ministry of Industry can take over, if required.

Thanks - that would explain things and hires of this nature are as significant as a RNS - or should be. Looks like the processing boss and mine boss (final boss) - full steam ahead, and hopefully this catches the attention of some institutional investors

That would be nice. But I am wondering if anyone can enlighten the chat as to what may be happening, or about to happen?