Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
True or otherwise, goes to show there's genuine concern around the "G" in "ESG" when it comes to projects based in certain jurisdictions.
Whilst I'm normally quick to bash the bureaucracy of the EU, there's comfort to be had knowing corruption (allegations) are rare in this part of the world, though not totally immune.
Silver linings, I suppose.
We were labelled as Strategic by the JTF, not whoever this new Critical Raw Materials board is which, by the way, hasn't even been established yet.
Knowing the EU, an announcement on us being labelled as Strategic by this new board (big IF) is months and months away.
As Ghin suggested, the news we desperately need is on progress of the project itself.
I haven't done a whole lot of shopping around, but I am a little jaded with junior miners at present.
Saying that, I do have a position in CUSN which I will likely be making my largest position.
Not going to force myself to buy shares just because I have the cash so will likely end up in a 2yr fixed rate honestly.
Was paid my annual bonus in February which I have used to top up my portfolio - EMH gets 0% allocation this year and rest will go on other stocks or, better yet, a 2yr fixed rate at 4+%...
There is no imminent DFS announcement - My understanding was that in the Rock Stock interview, Keith was referring to the RNS where it said DRA Global had been appointed to finish DFS on 2nd Feb.
The interview was likely conducted prior to this announcement and not published until 5th Feb so maybe that's the confusion.
Apologies if I'm no referring to what you're talking about, iplitigator.
Sorry; no EMH news per se, but our majority partner seems to have something brewing. See twitter thread:
https://twitter.com/TrambaDavid/status/1618635101407174656?t=PXmRcjoODjolSN0qBO58Qg&s=19
Paraphrasing here, but sounds like CEZ shares are trading well recently, possibly due to the rumours that the Czech Gov will be potentially increasing their majority stake in CEZ (I think it's 70% currently) and squeezing-out minority investors.
First thought jumped to mind was "What does this have to do with Cinovec and our minority holding in Geomet?" Thankfully, someone asked the same question:
https://twitter.com/von_Elbogen/status/1618636655996588032?t=oYgF4IIICFkhBMQysUfeLA&s=19
"Well, the 51% stake in the Cinovec project should be properly priced there. Otherwise, the state will supply minorities with additional "ammunition" in court cases".
I don't really know what this means, due to a combination of me being thick as a post and also maybe how well the translation comes across so would love someone else's (maybe a native speaker's?) interpretation of this exchange. I think this means that the buyout offer to minority CEZ shareholders includes their 51% stake in Geomet and suggests it won't increase? I definitely recommend everyone go through the article and full thread for more context.
I can't speak for the credibility of the journalist not article so pinch of salt, naturally.
Getting close to missing another deadline:
"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."
I'm not personally expecting any announcement with regards to offtake until a final decision has been made on VW/Skoda gigafactory.
I suspect CEZ has locked in a minimum % of the resource to allocate to the the CEZ and potential Skoda Giga leaving us with whatever falls off the lorry.