Member Info for Jemesa

The worst news would be: endangered troll found living in underground tourist tunnel refuses to come out and mining project is abandoned

I understand why there's a lack of trust with EMH, but the bad news at this stage is really only a time factor. My own view (humble opinion) is that June is the EMH endgame and Keith wants those extra shares to cash out.

It won't be confirmed pre AGM due to a news blackout... just one of the various announcements that we are likely to see in June.

Thanks @Tomcoves - any updates much appreciated. Good for you.

One ends up thinking most of the Troll's battles are in his own head.

Get back in your imaginary tunnel, Troll

Happy to speculate - what we are all doing on this forum and by investing in shares on AIM...

I don't think the answers are in the rear view mirror.

2026 finds us with a DFS based on robust economics with rising lithium prices and a hot geopolitical context, the EIA has been accepted and published and AMG has taken over Zinnwald next door - 9m + shares in EMH have been absorbed by institutions in a well managed handover.

That article that Mick88 just posted shows the extreme urgency for EU companies to do deals ASAP.

But as for speculation - I agree - no big announcements at the AGM likely - just routine EMH internal business perhaps with more detail or clarity on the limited cross border EIA. But, I think we will see in June:

- An offtake announcement for at least 25% of production

- Possible permitting at the end of June

The wildcard / game changer is a buyout offer - could that happen in June after the options have been placed for EMH management to maximise their benefit from this - I would say there's a high chance that June is the month for this to happen. Pure speculation of course.

Thanks for your speculation.

There's another point that occurs to me - we have seen what looks on the outside a quiet period. I wouldn't say the share price has been suppressed - more like it has been controlled. From the point that the EBRD dropped below 5% (presumably to move from investor to financier) - around 9m shares have traded in about 4 weeks, with the price moving up and then holding 17-18p - characterised by small algo buys and big UT's / off market deals.

The question for me is why or how do all these shares move in such a controlled way, if nothing is happening?

I realise this is like trying to read the tea leaves - but I would suggest this has nothing to do with us retail investors, and everything to do with larger investors taking up positions ahead of news. How big the news will be - we don't know. The Roland Berger report suggests - potentially very big - because suddenly the cat is out of the bag - big companies in the EU if you want to secure strategic supplies of lithium move now...!

It looks to me like this report explains why AMG jumped in for zinnwald.

The key concern is that big eu companies that want a steady supply for EU lithium better move quickly.

🙏 thank you. Fascinating. Sets out the problem very well. We think we have the solution…

Haha - it would be odd to have to sit Keith down and say, mate, you have 5.7m shares, if you accept the low ball offer it's going to hurt you the most...

Let's see... somewhere in the middle arcs towards Zeus' 88p valuation.

But I agree with you, hopefully Keith does think about the investors - particularly those who have stuck with this over the years...

ps Troll, get back in your imaginary tunnel

Interesting but unhinged theory re Keith checking out...

Given the timing this would be quite mad... Keith grabbing a minor role and a tiny options package at a micro-cap like Tomahawk Metals rather than focusing on something he has spent a decade (or more on) with his entire career-defining wealth tied to EMH - right now - when all the signs are brightly flashing with [multi-million-pound corporate exit].

If he's checked out now, it must be because he's worried about the imaginary tunnels and the water slides!

Thanks, interesting discussion points.

To your main point and AI research - yes, it looks like EMH was structurally engineered from day one to be acquired cleanly upstream and yes those management options vest immediately. Nothing unusual, but it does suggest the AGM is setting up for the exit. The only question is do they exit at 40p or fair value - £1.15+?

Who pays for the 49% - well loads of big players like European automakers or chemical giants like AMG. They are not interested in the day to day mine operation they just want to lock in guaranteed domestic supply for the new oil. A 49% stake with a 51% state-backed utility CEZ isn’t a penalty - it is the ultimate political and infrastructure shield.

Interesting clue today with an aggressive 18.00p UT printed way above the market maker's screen price. Looks like sellers have disappeared, as they say things are tightly coiled.

Our poor Troll simpleton spent his whole weekend ranting about imaginary tunnels and he has been definitively busted along with the water-flow hazards that had him terrified - straight out of a water park that he's probably been banned from. He also seems to think water was being added to the rock massif rather than being removed. As people have pointed out - but the Troll doesn't understand - DFS Page 12 explicitly states that planned commercial mine production sits safely below the historical workings and will not mine through them.

In actual relevant news, your big boys are back... :)

Nobody is taking your imaginary tunnels seriously, troll.

The historical tunnels have nothing to do with the project, the EIA or the DFS - they are as relevant as the Channel Tunnel.

Some say, ignore you, my preference is to laugh you off these message boards.

I definitely prefer the science over the troll’s imaginary tunnels. Fingers crossed he crawls away now.

Get back in your imaginary tunnel, troll

AMG is presumably the only one that could unify given it just bought Zinnwald for £57.2M to feed its German refinery. it is all part of the exact same underground ore body with the vast majority in CZ - outright buy or partnership?

Interesting week ahead…

Well, yes but there’s a very specific point in that article that addresses the concerns that have been voiced on this forum this week - the fair buyout price.

For the EU to walk the talk on its strategy it must treat EMH shareholders as private investors fairly this means it is responsible for a system that must deliver true fair value to European Metals Holdings (EMH) shareholders at Cinovec, setting a critical, make-or-break precedent for the continent.

The article notes - Commission official Doens asserted that Europe "must identify the key projects, cut through administrative delays, mobilise public and private finance and show that Europe can put on the table a superior, more sustainable and interesting offer to others."

That "superior offer" becomes a hollow illusion if state-backed partners shortchange the early-stage investors who shouldered the initial exploration risks. This is the ultimate acid test: if Europe lapses into protectionist resource nationalism and denies EMH investors fair market value, it will signal to the world that European infrastructure is an uninvestable risk—permanently freezing the global private capital desperately needed to fund the green transition.

We should all be watching very carefully to see how the EMH private investors are treated. The converse of this - if if we’re treated well - imagine the effect on private equity in this area.

Interesting to note the admission related to delays and bureaucracy - looks like this is aligning at exactly the right time.

Troll - you have officially disappeared so far up your own dark tunnel that you can no longer tell the difference between a 350-year-old museum tourist attraction and a 21st-century industrial project.

The only hole you are talking out of here is the large and deep one you've dug for yourself. Nobody disputes there is an underground border, but a visitor photo-op of a museum exhibit - isn't an engineering blueprint you blithering buffoon! The December 2025 DFS outlines a brand-new portal at the Sedmihůrka site and brand-new twin decline tunnels to handle a massive 2.25 million-tonne-per-annum operation. You don't haul modern trackless machinery and high-capacity conveyor belts by simply "re-entering" obsolete 20th-century vertical shafts.

Which brings us right back to the exact parameters of the limited cross-border EIA. It is a mathematical computer simulation tracking groundwater drawdown and pressure changes across a shared rock massif. There are absolutely zero tunnels crossing the border in Geomet's modern mine plan or the EIA scope, and the administrative parameters are nowhere near using your German museum's old shallow tunnels as a drainage network.

I'm stopping this interaction here because you've completely made a fool of yourself on a public forum trying to save face over a tourist brochure.

Enjoy your weekend from inside your own dark back passage.