Bank of America increased its price target for Albemarle claiming improving lithium pricing.
Hopefully more to come - Despite the (in some cases fair) criticisms of EMH leadership, our value is largely driven by the very value of the commodity we're trying to sell.
May seem insignificant, but this is a good move to improve our ESG credentials which, in turn, opens us to more investment.
Being registered in the British Virigin Islands is never really a good look and something I don't imagine the EU liked a great deal.
Wise, the very sources you are referencing say explicitly that it is 17 strategic materials that are being announced and not 17 strategic projects.
People here are (rightly) frustrated by missed timelines and you are not helping by spreading misinformation.
With that said, do I think Cinovec is strategic? Yes!
Thanks, Fingers & Ghin.
I've just rewatched KC on the Future Facing Commodities conference and he does reiterate the 20 day period for the CRMA to come into force.
However, Wise, there's no correlation between the 17 critical materials and there being 17 strategic projects. KC does mention that a list of strategic projects will be announced "shortly" and that Geomet have applied, but doesn't explicitly say that it's the same day the CRMA is finalised. It could be sooner or later, but not certain to be the same day.
Wise,
It clearly says in the link you provided that it's 17 materials, not projects, that will be designated as strategic.
Also, it's in 20 days after the Presidents of European Parliament & European Council sign it will it come into force - None of this means something's going to happen and I'm not entirely sure they've got the signatures yet so the 20 day countdown might not have even started.
I wouldn't expect them to come out and say Cinovec is a strategic project until some time after the CRMA comes into force - No doubt there's an application/review process that will need to take place (even more waiting).
Skelly, your obsession with Keith's divorce is already unhealthy and now you're fabricating some relationship suggesting he's some sort of sexual deviant. Pardon my candour, but you come across as completely unhinged.
For some who is (allegedly) no longer a holder, you spend a terrible amount of time here doomsday preaching and for what? To warn others? I can give you hundreds of charities which would kill to have someone volunteer for half the amount of time you spend moaning on this board.
If you've truly sold your holdings, at what I can only imagine was a significant loss based on your bitterness, then you have my condolences and thanks for playing.
Oh, and take Leon with you, too
Do we know if this has taken place yet? I'm sorry, I don't know how to check for companies outside of UK.
I always thought company being "based" in the Virigin Islands, or some other tax haven, is a blotch on our otherwise decent ESG credentials.
No, Sairfecht - Unlikely to move anymore than 10%, if any gain at all.
A series of positive announcements relating to FID, Offtakes, permitting and CRMA funding will see this share to ATH, I reckon.
I do believe the aforementioned series of positive announcements will come in relatively quick succession, however I don't think the DFS will be the silver bullet people hope it will be.
Wasn't aware and don't have an understanding of what's going on at our majority partner's neck of the woods, but sharing here in case of interest:
https://www.bloomberg.com/news/articles/2024-01-10/czechs-delay-verdict-on-bill-guiding-revamp-of-power-maker-cez?srnd=premium-uk&leadSource=uverify%20wall
The reason behind Northvolt getting that sweet €902m wedge of state aid was because of a EU initiative to match/compete with state aid in other countries outside of the EU (mainly the US's IRA), so that companies don't relocate and take jobs etc. from them.
The circumstances behind this particular grant are very different from the circumstances EMH are in as it's widely known that it is difficult to relocate a mineral deposit.
I couldn't help but laugh when I read today's RNS - Perhaps it's just a coping mechanism, or maybe this share really is comedy.
I've said this before; I don't think the DFS is going to be the kick this share needs - In fact, I don't think it's going to move a % up, more likely down. Underground mines are significantly more expensive to build and operate and I suspect the CAPEX will be eye-watering. With no financial grants anytime soon, the offtake-can being kicked further and further down the road and the spot price of the very commodity this share depends on falling through the floor, the DFS won't paint a pretty picture.
Maybe the DFS delay isn't such a bad thing - It'd shorten the gap between the bad news (DFS) and the good (EU grants)?... All I'm sure of is, without EU grants, this project is dead - Not even going to talk about permitting!
Personally, I'm taking this share off my track as it just infuriates me to no end. I'll continue to hold, and even with annual bonus in Jan, I won't be trying to average down.
Wishing you all a great Christmas and a prosperous New Year, be it because of this share or otherwise.
Probably a stretch, but I did always think the appointment of an M&A specialist could lead to something realted to Zinnwald Lithium - Even more so with the Memorandum of Cooperation signed between Saxony Mayor (?) and Czech PM. Mica, location, processing etc. would enable great synergy.
Lately, I'll be happy with EMH being bough out (for a fair price!)
I recall seeing share prices more often than not dropping upon DFS announcements rather than rising - I'm honestly not expecting it to be the catalyst that gets us back on track.
Offtakes, permitting, significant project financing and ultimately a "yes" FID will be what gets us out this gulley.