Member Info for LuckyLaurie

Cinovec is no longer “concept”. The ČEZ/Geomet DFS management summary sets out a 27 year project targeting ~37.5ktpa battery grade LCE (99.5% purity) and quoted AISC around US$13.6k/t LCE. Capex is framed at >US$2bn (~CZK42bn) with support lines explicitly referenced already: CZK800m Just Transition Fund infrastructure and up to €350m (~CZK8.8bn) for the processing plant. Add the EU CRMA “strategic” status and you can see why this is being pushed as a national/EU supply chain asset.

Market cap is still tiny vs the strategic value here, because the market is waiting for the two big gating items: offtake and a clear financing framework. That’s fair, but it also means the discount is still huge.

Fair value SP today, based on where we are now:

If you price this as DFS plus permits pathway, with grants helpful but financing not yet locked, a fair zone is 50p to 70p.

If offtake plus funding visibility is confirmed (not even FID, just bankability), the fair zone becomes 70p to 100p quickly.

Zeus at ~88p sits bang in the middle of that “bankability visible” range, not some fantasy number. That’s exactly why offtake is the next major catalyst. You won’t be buying this in the 20s if the market gets comfort on offtake and financing, especially with further grants and strategic support in play.

DYOR etc.

When you actually line up the last two RNS’ side by side, it’s hard not to feel the story is shifting from “promise” to “proof”.

Senegal now has a defined €1.75m JV deposit timeline, that’s not vague MoU language, that’s funding tied to real deployment. At the same time, Albania is visibly moving from factory output to on-site construction, with ground floor works underway on the first Tirana apartment block, €2.2m revenue per block and 40% gross margin guidance. Deposits already received.

That’s manufacturing + projects + cash deposits all in play at once.

This is exactly how modular rollouts scale, one live project proving the system, another geography lining up funded expansion. If Senegal lands on schedule and Albania continues to convert blocks into recognised revenue, the narrative flips from “can they?” to “how fast can they roll this out?”

Feels like the pieces are finally starting to click into place.

Exactly the sort of use case ECOB is made for. Councils are desperate to stop burning cash on hotels and temporary accommodation, modular is one of the few solutions that can deliver fast.

If ECOB starts landing local authority contracts like this (or a Govt/framework deal), with their EN/ISO testing (BS-equivalent) already done, it goes from “projects” to repeatable rollout.

Can you imagine what happens to the share price the day ECOB lands a UK Government contract? 📈⬆️

EMH isn’t “lost on the ASX” , it’s already accessible in the main markets people keep mentioning:

• Primary listings: ASX + LSE AIM (where most liquidity/price discovery happens)

• Germany: also quoted/traded in Frankfurt/Xetra (often shown as E861), but volumes are usually lighter than ASX/AIM

• USA: trades on OTC/OTCQX as EMHXY (ADR) and EMHLF

So the bigger lever for traction isn’t simply adding another venue, it’s execution + newsflow. That’s why offtake completion is the massive catalyst: once offtakes are signed, it typically strengthens the whole funding case (lenders/strategics) and can unlock further support/grants. If/when that package lands, these projects can re-rate quickly and the “cheap” entry points don’t usually hang around.

✅ DFS completed (Dec 2025) confirming Cinovec as a long-life, battery-grade Li₂CO₃ producer ~37,500 tpa

✅ Czech Government grant approved up to €360m (Strategic Investments for a Climate-neutral Economy)

✅ EIA submitted (13 Jan 2026) – a major permitting step and a key condition linked to the JTF process

✅ Funding bridge in place: Jan raise done, loan repaid in Feb – so the company is funded to keep driving the next milestones

The bit that matters for us as shareholders is the direction of travel: EMH explicitly links DFS completion to progressing project finance discussions (grant/debt), strategic partner engagement and advanced offtake negotiations. That’s the transition from “study” to funding + offtake + build.

Also worth noting: the DFS base case stands on lithium alone. If by-products/throughput uplift get properly quantified later (as hinted in recent materials), that’s upside optionality on top, not something needed to make the project work 👇

🔜 FAIR VALUE 88p

RNS today is exactly what long-term holders have been waiting for. In one quarter EMH has effectively ticked 3 of the biggest “execution” boxes and the company actually spells it out: the combination of DFS completion + major Czech grant approval + EIA submission “significantly advances” Cinovec toward Final Investment Decision and ultimately production.

Key bits (all in today’s RNS):

DFS completed (23 Dec) confirms long-life, battery-grade Li₂CO₃ producer at 37,500 tpa, which EMH states is ~5.2% of forecast EU demand in 2030 and enough for ~1.3m 60kWh batteries per year. Pre-tax NPV8 US$1.455bn, pre-tax IRR 14.8% (first 23 years of a 27-year schedule).

Grant support is real: approval of up to €360m Czech Government grant (announced 28 Nov) specifically aligned to strategic/critical raw materials for a climate-neutral economy.

Permitting milestone: full EIA submitted (13 Jan 2026) and EMH notes it satisfies a key condition of the JTF grant and is a key step in the final permitting/funding process.

And the bit that matters for shareholders right now: DFS completion “enables advancement” of EU stakeholder engagement for more grant/debt support, formal project financing discussions, and finalisation of advanced off-take negotiations. That’s the project moving from “study” to “funding + offtake + build”.

Cash is bridged too: quarter end cash A$0.43m, but they’ve already raised ~A$3.46m in Jan and show pro-forma cash of ~A$2.97m after repaying the A$750k short-term loan used to get the DFS done.

Not ramping, just joining the dots: this is what de-risking looks like. Execution phase is on.

H1 numbers (YoY improving):

• Revenue £18.0m (H1’25: £15.5m) 

• Adj EBITDA loss £11.9m (H1’25: £16.8m) 

• Cash £197.8m at 31 Oct 2025 (H1’25: £203.1m) 

Backlog quality keeps improving:

• Contract backlog £152m (vs £43.7m two years ago) 

• Now 71% “profitable contracts” (up from 60% in Apr 2025) as legacy contracts are worked through 

Commercial wins / pipeline building:

• NEPTUNE V contract (Westnetz) 

• Uniper: selected for 120MW HAR2 + FEED signed 

• NEPTUNE II: Spanish cement producer 

• Selected for 300+MW confidential Asia-Pacific project 

• RWE: 150MW NEPTUNE V capacity reservation, call-offs foreseen by 2027 

• Hydropulse launched (BOO model) targeting industrial customers under long-term offtake agreements 

Post period-end catalysts:

• ALPHA 50 launched (50MW full-scope plant) 

• Selected for two German grid balancing projects totalling 710MW (FIDs expected 2026 & 2028) 

• 12.5MW NEPTUNE V contract (HAR1) with Octopus Energy Generation 

Guidance reiterated: FY revenue £35–40m, adj EBITDA loss £27–29m, cash £170–175m 

Net: revenue up, losses down, cash still ~£198m, backlog up + profit mix improving, and multiple MW-scale selections stacking up.

Oh Garonne Garonne Garonne 🤦‍♂️ The only red flag here is the “ref flag” typo… while you’re waving it and ignoring the actual RNS 😂

CEO Dennis Schulz bought 126,500 shares at 39.98p (trade date 30 Oct 2024) and the board bought 306,983 shares in aggregate. 

And he’s still buying via the company BAYE scheme (latest disclosed 15 Jan 2026). 

Maybe try checking Director Dealings before posting fortune-cookie “analysis”.

🔔 END

Yep, that sentiment is usually right for AIM “jam tomorrow” stories, but EMH is sitting in a different bucket now.

So I get the contrarian angle and on many AIM stocks I’d agree. A placing price can act like a “reference point” for what bigger money is willing to pay.

But EMH isn’t raising into a vacuum anymore. The key line and an extremely important line in today’s RNS says it all:

👉 KC: project financing discussions advancing with additional grant funding, commercial lenders and potential strategic partners, moving toward the completion of off-take agreements.

That’s not early stage talk. That’s DFS in the bag and the project moving into execution: financing package + grants + strategic partners + offtake completion. Once offtakes are signed, the whole funding stack de-risks and additional support follows.

Cinovec is an EU-scale critical minerals asset. With geopolitical supply risk front and centre, Europe needs domestic battery materials more than ever. In that context, short-term placing mechanics matter a lot less than the direction of travel: progressing financing and nearing offtake completion.

As always, DYOR but look at the facts as presented and ignore the trolls now suffering with ‘Sellers Remorse’

👉 KC: project financing discussions advancing with additional grant funding, commercial lenders and potential strategic partners

• Continued move toward offtake completion

• Quick timetable: settles 28 Jan / trades normally 29 Jan

Big macro tailwind: Europe is now writing serious cheques to lock down its battery supply chain. Portugal just awarded Lifthium a €180m non-refundable grant to build a lithium refinery under the EU’s state-aid “crisis/transition” framework, exactly the kind of support designed to accelerate strategic clean-tech and critical minerals projects. Cinovec sits right in the middle of that European strategic push.

Europe NEEDS Cinovec

EMH: A$3.46m raised – institutions on the register – execution phase continues

EMH has secured A$3.46m via a placement to high net worth + institutional clients, with Barclay Wells leading (bookrunner) and Zeus Capital involved. For me, that’s a positive post-DFS signal: runway secured + new money coming in as Cinovec moves through the next milestones.

Highlights:

• Firm commitments (it’s funded, not just “considering”)

• Proceeds to Cinovec development + working capital → keeps momentum while larger funding is progressed

• KC: project financing discussions advancing with additional grant funding, commercial lenders and potential strategic partners

• Continued move toward offtake completion (wording is clear)

• Quick timetable: settles 28 Jan / trades normally 29 Jan

The bigger takeaway is institutional backing + steady execution as Cinovec transitions from DFS into financing / grants / offtake.

Europe NEEDS Cinovec, strategic lithium supply is non-negotiable. If the financing + grant + offtake pieces land as guided, don’t be surprised to see the SP re-rate hard.

Game on. 🚀

Ah you poor thing 🤦‍♂️ ‘Ramper’ is a label, not an argument. The RNS says A$3.46m raised, institutions involved, and financing/offtake/grants progressing.

Anyway, for anyone interested: A$3.46m raised, institutional/HNW support, and management explicitly guiding to:

FINANCING

OFF-TAKE AGREEMENTS

GRANTS PROGRESS.

That’s what matters.

EMH just secured A$3.46m in a placement to high net worth + institutional clients, led by Barclay Wells (bookrunner) with Zeus Capital involved. That’s a strong signal post-DFS: fresh runway + new investors added to the register.

Key positives:

• Firm commitments received (not “exploring” – it’s done)

• Funds go to Cinovec development + working capital → keeps momentum rolling while the bigger financing pieces progress

• KC confirms project financing discussions advancing with additional grant funding, commercial lenders and potential strategic partners

• Clear push toward offtake completion (“moving toward the completion of off-take agreements”)

• Fast timetable: settles 28 Jan / normal trading 29 Jan

Yes it’s at A$0.32 (13.5% discount to last trade A$0.37) standard for institutions coming in size. The important part is institutional backing + continued execution as Cinovec moves from DFS into financing / offtake / grants.

Europe NEEDS Cinovec, strategic European lithium supply is non-negotiable. As the financing + offtake + grant pieces drop, don’t be surprised if the SP starts to re-rate fast.

Game on. 🚀

EMH still being priced like Cinovec is optional. It isn’t. The EU needs secure domestic lithium supply and Cinovec is one of the very few credible, scalable European projects that is already progressing through the right milestones.

(1) DFS is out and the base case uses US$26,000/t Li2CO3. Using US$26k–US$30k long term is conservative for strategic European battery supply.

(2) EIA submitted 31 Dec 2025 with a stated target for approval by 30 Jun 2026 , the key gating item.

(3) EMH retains 49% via the CEZ JV, so shareholders have real torque to the re-rate as EU strategic funding, grants and project financing crystallise.

Let’s be honest: Europe doesn’t “want” this supply chain, it NEEDS it. That’s why Cinovec is already supported with grants and is being advanced as a strategic asset. At 18.75p the discount is extreme. With sensible, minimal dilution I see fair value today more like 50p–80p as the market catches up, moving to £1–£1.50 as strategic backing, grant/funding structures and the path to build are locked in.

Sorry - Wrong Board 🙈🤦‍♂️

Hydropulse is exactly the kind of “doers not talkers” model Europe is trying to accelerate. Hydropulse (ITM’s Berlin subsidiary) is set up to build, own and operate decentralised green hydrogen plants using NEPTUNE, backed by long-term offtake with industrial customers. 

Now layer on EU policy tailwinds: under the Net-Zero Industry Act, projects designated “net-zero strategic” can get priority status and faster permitting, plus targeted support (incl. financing advice). 

And the European Hydrogen Bank is explicitly a Commission financing instrument to accelerate the hydrogen value chain / investment security. 

Add in execution partnerships like ABO Energy + Hydropulse (ABO on power/development, Hydropulse on permitting → build/own/operate), and it’s hard not to see Hydropulse as well-positioned as EU permitting and funding frameworks mature.

Hydropulse is exactly the kind of “doers not talkers” model Europe is trying to accelerate. Hydropulse (ITM’s Berlin subsidiary) is set up to build, own and operate decentralised green hydrogen plants using NEPTUNE, backed by long-term offtake with industrial customers. 

Now layer on EU policy tailwinds: under the Net-Zero Industry Act, projects designated “net-zero strategic” can get priority status and faster permitting, plus targeted support (incl. financing advice). 

And the European Hydrogen Bank is explicitly a Commission financing instrument to accelerate the hydrogen value chain / investment security. 

Add in execution partnerships like ABO Energy + Hydropulse (ABO on power/development, Hydropulse on permitting → build/own/operate), and it’s hard not to see Hydropulse as well-positioned as EU permitting and funding frameworks mature.

I understand the desire for more FEED→FID visibility, but we already get regular, meaningful RNS updates and I’d rather management spend time converting projects and delivering than maintaining a ‘live dashboard’ that becomes a weekly entitlement.

Two very recent examples:

• 21 Nov: selected for 710MW of projects in Germany – incl. 30MW targeting FID in 2026 (capacity reserved) and 680MW pre-FEED starting Jan 2026 with FID anticipated 2028. 

https://www.lse.co.uk/rns/ITM/selected-for-710-mw-of-projects-in-germany-u6656nhk74yt1ly.html

• 18 Dec: signed 12.5MW contract with Octopus Energy Generation/HYRO for Kimberly-Clark Northfleet; facility anticipated operational by end-2027. 

https://www.lse.co.uk/rns/ITM/125mw-contract-with-octopus-energy-generation-rp75sb8y21yzfuy.html

Those two are the very small tip of the iceberg, I’ve listed the wider reservations/FEED/engineering wins before, but there are now far too many to keep reposting.

For me the best “progress dashboard” is cash + cash burn: 4 Dec trading update showed £197m cash at end-H1 and £170–175m expected at year-end, with EBITDA losses narrowing. That’s the indicator that execution and discipline are real. 

#Masdar is proud to announce that, together with RWE, it has secured UK Contracts for Difference (CfDs) for the #DBS offshore wind projects, marking a major milestone in the delivery of one of the country’s largest offshore wind developments.

The CfD awards cover 3 GW of new UK offshore wind capacity across DBS East and DBS West, reinforcing Masdar’s long-term commitment to the UK’s energy security and Clean Power 2030 targets.

Representing an £11 billion Masdar–RWE investment, the two 1.5 GW projects will contribute meaningfully to the resilience and decarbonisation of the UK energy system, while providing skilled jobs, supporting regional supply chains and offering sustained economic benefit for the UK and for local communities.

https://www.linkedin.com/posts/masdar-abu-dhabi-future-energy-company_masdar-dbs-activity-7417134185418571776-EefU?utm_medium=ios_app&rcm=ACoAABuSOFsBTNq-ZYwGm5uL5e9d4LSLrMLQ4tc&utm_source=social_share_send&utm_campaign=share_via