Member Info for Malik-

As an idea of M&A multiples on Li space recently.
Ganfeng is active of the space again.
The co just took a stake in ASX listed Core Lithium, as well as offered it an offtake.
The implied price paid by Ganfeng, is >55% NPV on my numbers. This follows a price not too dissimilar paid for BCN’s Sonora.
We re trading c2.5x below that multiple.
So you get the idea of how cheap EMH is.

Ganfeng active again on Lithium!
The co just took a stake in ASX listed Core Lithium, as well as offered it an offtake.
The implied price paid by Ganfeng, is c60% of NPV on my numbers. (In contrast it paid c55% for Bacanora’s Sonora)
ZNWD trades on a bombed out 17%.
=> 4x upside on M&A valuation (c100p)

Ganfeng is offering to buy ALL of Bacanora and so Bacanora’s stake in Zinnwald too.
When this happens, Ganfeng won’t sit idle with minority stake in Zinnwald in my view and so will either buy us out or will sell their stake to another party (eg EMH).
So in both cases we are prime M&A target and this is nowhere reflected in the shares at present - and is a huge upside (90p possible).

It doesn’t matter whether they change their commodity price assumptions.
Piedmont has.
But this is irrelevant,
Investors should be able to work out what the Npv would be at current spot price.
What they can offer for clarity in a slide pack for example is a table with sensitivities.

Re Vulcan. There had been press reports that Stellantis had agreed an offtake with them. Perhaps this is going to be formalised.

… about our resource:
Read the bullish extract below from our next door neighbour EMH’s quarterly report just published - focus particularly on high recovery level and metallurgy.

“LOCKED-CYCLE TEST RESULTS PROVE ABILITY TO PROCESS ZINNWALDITE
Geomet commissioned the LCTs with the principal objective of confirming the flowsheet for the processing of zinnwaldite concentrate from Cinovec run-of-mine ore. The LCTs differ from previous proof of concept and optimisation testwork conducted during the Cinovec PFS by confirming the effect of recycle streams (which carry some lithium and other alkali metals) on the overall recovery of lithium from the pregnant leach solution resulting from the water leaching of the roasted zinnwaldite concentrate and the ability to produce battery grade lithium carbonate. The LCTs have been performed by Dorfner Anzaplan, Germany and have been supervised by Lithium Consultants Australasia and SMS group Processing Technologies GmbH (“SMS”) in parallel with the FrontEnd Engineering Design (“FEED”) programme being undertaken by SMS. The LCTs have processed zinnwaldite concentrate from drill core samples taken from the southern part of the Cinovec orebody, representing ore that will be processed in the first five years of the mine plan. The recovery of up to 92% of the lithium in the concentrate sample compares favourably with the similar recovery in the PFS flowsheet of 91%. However, this new recovery of up to 92% is before lithium plant DFS/FEED optimisation testwork that will be targeted in specific process areas and which is expected to increase hydrometallurgical recovery in the lithium plant to more than 92%. Separate metallurgical testwork on the Front-End Comminution and Beneficiation (“FECAB”) circuit is underway and is designed to improve upon the lithium recovery of 90% from ore to concentrate. This testwork will be reported at a later date.
…
The zinnwaldite mica at Cinovec contains alkali metals other than lithium, including potassium, rubidium and caesium, which are leached into solution and will build up in the plant if not removed from the circuit.
The LCTs have proven conclusively that the unwanted alkali metals can be removed preferentially by control of temperature, pH, solution saturation and crystallisation. It has been confirmed that these alkali metals will not build up due to recycles within the plant. The achievement of this within four LCTs with minor loss of lithium is a major step towards confirmation of process plant design.
LITHIUM HYDROXIDE PRODUCTION
The current LCTs have been commissioned to confirm the lithium carbonate processing flowsheet. The Cinovec Project has optionality to either produce a battery grade lithium carbonate product or to further process the lithium carbonate to produce battery grade lithium hydroxide.”

Well VW plans 40GW plants.
So it’s consistent with this…

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Key catalyst around the corner:
1) UK hydrogen strategy exeprcted any time now.
2) COP26
3) Bidding currently taking place for council hydrogen sites. Outcome at anytime

… AT ZERO.
Meaning you get the multi million/billion Hydrogen opportunity for FREE here.

50% of the stocks’s market cap is here CASH
Ridiculously undervalued - discounting that legacy business will never recover from last year’s Covid lows - despite commodity prices being significantly higher.
Discounts value of hydrogen opportunity

The commitment by Rio to the Jadar Li project in Serbia ($2bn investment for big >50kt pa production) is great endorsement for the whole Li sector.
Should be noted, the Jadar project will likely need to get approval by the citizens by way of a referendum.
Also note its mid term production profile is enough to power 1.5 typical large scale battery plant. Remember VW alone has plans for 6 in Europe..
So, basically, Europe needs ALL potential projects to come online.
This is not competition therefore for us but rather a positive for the whole space - and bear in mind the remaining risks of getting Jadar approved (permits, referendum) means if anything, the case for our and EMH project even stronger.

The commitment by Rio is great endorsement for the whole sector.
Should be noted, the Jadar project will likely need to get approval by the citizens by way of a referendum.
Also note its mid term production profile is enough to power 1.5 typical large scale battery plant. Remember VW alone has plans for 6 in Europe..
So, basically, Europe needs ALL potential projects to come online.
This is not competition therefore for us but rather a positive for the whole space - and bear in mind the remaining risks of getting Jadar approved (permits, referendum) means if anything, the case for EMH project even stronger.

Confirmed - MoU on battery plant in Cz to use lithium from Cinovec:
Translating a tweet just out by CZ minister of industry.
“ By signing a memorandum between CEZ and the Government of the Czech Republic today, we created the conditions for supporting the production of batteries for electric vehicles. At the same time, the construction of Gigafactory opens up an ideal opportunity for the use of lithium from Cínovec, which is again under the control of the Czech Republic”.

This will be a key catalyst for us!

Translating a tweet just out by CZ minister of industry.
“ By signing a memorandum between CEZ and the Government of the Czech Republic today, we created the conditions for supporting the production of batteries for electric vehicles. At the same time, the construction of Gigafactory opens up an ideal opportunity for the use of lithium from Cínovec, which is again under the control of the Czech Republic”

Cez, the Czech national champion utility which owns 51% of the Cinovec deposit of the Czech R side (with EMH owning the remaining 49%) just signed an MoU with the Czech govt to build at least one battery plant in Czech R.

The Cz ministry of industry said advanced talks for one of the batteries is with VW and LG.
Once the agreement with either VW or LG is finalised, expect an offtake to land to Cinovec for the lithium.
This would be of course a catalyst for EMH shares; but for us too and perhaps even more - given our bombed out resource multiple will need to rise accordingly - and which would make a 4/5x share p upside an ever closer reality.

The G20 published a joint press release ahead of COP26 climate convention; stressing the critical role hydrogen and ammonia will play in reducing emissions.
P6. Bullet 21.
I expect COP26 to be a key catalyst for the space.

https://www.g20.org/wp-content/uploads/2021/07/2021_G20-Energy-Climate-joint-Ministerial-Communique.pdf

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Listen to the last conference call
https://www.sharesoc.org/seminar/sharesoc-webinar-with-getech-gtc-9-june-2021/

https://www.energyvoice.com/renewables-energy-transition/331759/aberdeen-hydrogen-hub-partner/

Massive tender in Aberdeen for a Hydrogen hub.
This is the type of tenders Getech is currently bidding for.
Any sign of favourable outcome from any of the ongoing tenders for Getech would be transformational for the shares.