Member Info for jojos

We could hit 3p by next week at this rate

Yes mate i have managed to do a few good trades on tullow oil,just started trading again in the last few months,seen this at 1.30p before rig contract wasnt sure but happy now with the signed rig.

Im in with £35k double your money pre drill min.

Its not a huge amount only 47000 shares just over 12 grands worth.

Thu, 23rd Apr 2020 09:36

RNS Number : 6433K
European Metals Holdings Limited
23 April 2020

For immediate release

23 APRIL 2020

EUROPEAN METALS HOLDINGS LIMITED

CEZ INVESTMENT IN CINOVEC PROJECT APPROVED



European Metals Holdings Limited ("European Metals" or the "Company") is pleased to advise that today shareholders have approved at the General Meeting of the Company, the amended arrangements for the investment of EUR 29.1 million (approximately GBP 25.8 million) by CEZ a.s. ("CEZ") for a 51% equity interest in Geomet, the Company's Czech subsidiary and holder of the Cinovec licenses.





The investment of EUR 29.1 million will see the Cinovec project fully funded to the decision to construct, paving the way for Cinovec to become the first European Union producer of battery grade lithium compounds from a local lithium resource.



The transaction is scheduled to complete on Monday, 27 April 2020, and the work program will begin immediately.



European Metals Managing Director Keith Coughlan said, "This is a very significant day in the life of the Cinovec Project. To have Europe's largest hard rock lithium project fully funded to decision to construct ensures that Cinovec is firmly entrenched as the pre-eminent lithium deposit in Europe. We are very pleased to be in partnership with CEZ in the development of the Cinovec Project. CEZ not only provide corporate, technical and financial strength, they fully share the Company's vision for the development of a lithium ion battery industry in Czech Republic."



Cinovec Project - no current effect from COVID-19

With the completion of the agreement with CEZ, Geomet will now immediately commence the Definitive Feasibility Study ("DFS") and Front-End Engineering Design ("FEED") programmes of work.

The funds contributed by CEZ will fully finance Geomet and Cinovec through the period to construction permitting and commencement of construction. The principal components of the next phase of work on Cinovec are the availability of management and staff, ore samples for test work and laboratory staff and time.

All management and staff of both EMH and Geomet are unaffected by COVID-19 and the current restrictions on travel and meetings are not expected to have any impact for the foreseeable future; all staff are able and continue to work remotely.

To-date, the Cinovec Project has drilled in excess of 13,800m of diamond drilling under the management of EMH. Extensive sample quantities are available from the resulting drill core as well as material recovered from historic adit drives into the ore body. Significant quantities of ore sample are held at our laboratory partners in Germany and at the project office in the Czech Republic.

European Metals and Geomet have confirmed with our laboratory and engineering partners in Germany and Australia that staff and laboratories involved in the DFS and FEED programmes over the next 3 months are ready and open

Like I said Brent is still trading above $26.30 so can’t see a blood bath Tommorow which most are accepting.

Brent is still holding $26.35

Most people are trading this,or trying to get a lower entry price,hence consatantly posting day and night,

Do your own research and stick to it.

Its been very hide to buy in last hr max buy was £1300

Just need to look at mkt cap and the assets they own regadless of debt,can see strong finish ready for monday opening

This is a no brainer even atfter todays rise,still a bargain price to get in.

Share price been moving with price of oil all day,same as other oilers.depending what price oil is Monday morning will dictate which way this is going.

From the rns they have already found large stones above 5 carat which is a good indication what is in the ground without the plant running at full capacity due to rain. once the plant is running at full speed they could be making some nice money. if sold at the tender house in joburg big stones like a 5 carat diamond can fetch anything from $1500 to $3000 per carat,depending on colour,clarity, and size,

Somebody buying 50k chunks today

Heads roll at Lamprell Lamprell MCCueOCTOBER 8, 2012 — Nigel McCue (left) is out as CEO and board member of UAE-based Lamprell plc (LSE:LAM), whose facilities include shipyards at Hamriyah and Jebel Ali. CFO Jon Cooper and COO Chris Hand are also off the board but will "remain with the company in order to ensure continuity in senior roles until such time as suitable replacements are recruited." Former Chief Executive Peter Whitbread, who was with Lamprell from 1992 until 2009, has been appointed as Interim Chief Executive and has rejoined the board with immediate effect. Chairman John Kennedy commented: "The board has stated that it feels a refreshed management team will bring a more focused sense of delivery to all our stakeholders and our search for new management in these key senior roles is now in train. I want to thank Nigel for his contribution to Lamprell during his six years at the company, both as a non-executive then as an executive director. I am pleased Peter is taking over on an interim basis and with his knowledge of the company he will be able to hit the ground running, providing stability at this important time for the company." The shake up comes after two offshore wind installation jack-ups were delivered late to Fred Olsen. Lamprell announced last week that it had incurred additional costs on both vessels that would adversely impact the forecast loss for the year ending 31 December 2012. It also said "a delay in client deliverables on a separate construction project has resulted in a deferral of revenue and profit from 2012 to 2013. There has been no deterioration in the project's expected financial performance, but the deferral will impact the 2012 financial results." "Having identified and been made aware of these and other issues," said a statement, "the board intends to instruct the company to appoint external advisors to provide an independent assessment of the full extent of their financial impact. As a result of internal work in estimating their likely combined extent, the company now anticipates that the loss for the year will be significantly greater than previously expected. The order book currently stands at approximately US$1.5 billion. "In light of these recent developments the Chairman, with the fullest support of the non-executive directors, considers that changes to the leadership and senior management team are required to ensure Lamprell begins to rebuild its reputation with both investors and customers." The statement said that the company "remains in discussions with its lending banks regarding its covenants and remains confident that it will have sufficient cash flow to fund its ongoing activities and debt repayments."

indus funds are the old owners of csb

was there a 500k sell just gone through or a buy

read it too but why are board asking sharholders to vote in favour of the smaller offer? when the new offer is much much bigger.

We might get another rns on completion of sale which is only 4days away,but i think the full yr results will show good profits,which are due in june as mentioned in rns profits will be exceeding market expectations.

ok letting u buy at 7.18p