Member Info for mick88

Sorry, just watched it myself, and was not impressed at all. Very amateurish, and thought the new (awful young) CEO had little back up and made to look, well, young and inexperienced.

Watched a similar presentation from ALL on the same night and it was like night and day. They are of very similar standing as projects, but if I was a potential new investor, I know where my money would be going.

It is a shame, because it is a difficult thing to do (presentations, been there), but the support our new young fella got was nil. Bad, bad, bad organising I thought...😏

When this guy speaks, the Lithium industry listens;

Https://stockhead.com.au/resources/the-patriot-we-need-lithium-legend-ken-brinsden-is-donning-the-cape-again-to-prepare-for-the-next-upturn/

Here is a snippet, and the bit we really want to see;

From this vantage point where lithium just seems to keep spiralling down, can you see a correction coming?

“With EV sales at let’s say 30% growth you can you use that as a rough proxy for where it’s all at. When the industry is growing at that pace downstream it is virtually impossible for the raw material world to keep up with.

“What we’re seeing here is a bit of an air pocket in the combination of China talking the price down and drawing down stocks as compared to there being an outright glut of new lithium raw material coming through.

“So my take on where the industry is at is, in fact, there will be a correction and there’s a reasonable chance that will be pretty significant when it comes back, because of the after effects of that shock.

“China’s overplayed its hand and we’ll see, a reasonably significant price appreciation within a relatively short period of time on the proviso that the industry continues to grow at that pace.

“So what that translates to is if if it’s 30% growth downstream, that’s telling you that you need a minimum of new production in lithium raw materials of about 300-350,000 lithium carbonate equivalent tonnes (a year).

“That is three Pilgangooras in one year. So the reality is when that happens, the industry can’t deliver it.”

The legal team must be confident;

https://www.linkedin.com/posts/%C3%B8ystein-l%C3%B8ken-393776b5_v%C3%A5rt-prosedyreteam-best%C3%A5ende-av-thomas-farhang-activity-7158139320271306752-YRZY?utm_source=share&utm_medium=member_desktop

Https://stockhead.com.au/resources/the-patriot-we-need-lithium-legend-ken-brinsden-is-donning-the-cape-again-to-prepare-for-the-next-upturn/

Here is a snippet, and the bit we really want to see;

From this vantage point where lithium just seems to keep spiralling down, can you see a correction coming?

“With EV sales at let’s say 30% growth you can you use that as a rough proxy for where it’s all at. When the industry is growing at that pace downstream it is virtually impossible for the raw material world to keep up with.

“What we’re seeing here is a bit of an air pocket in the combination of China talking the price down and drawing down stocks as compared to there being an outright glut of new lithium raw material coming through.

“So my take on where the industry is at is, in fact, there will be a correction and there’s a reasonable chance that will be pretty significant when it comes back, because of the after effects of that shock.

“China’s overplayed its hand and we’ll see, a reasonably significant price appreciation within a relatively short period of time on the proviso that the industry continues to grow at that pace.

“So what that translates to is if if it’s 30% growth downstream, that’s telling you that you need a minimum of new production in lithium raw materials of about 300-350,000 lithium carbonate equivalent tonnes (a year).

“That is three Pilgangooras in one year. So the reality is when that happens, the industry can’t deliver it.”

Hi Tenantry, lucky you with a 6p average, my average is around 15p. I had reduced this from 26p after the original 0.60nok dilution. But my reasoning for this was that I had no need to reduce my average any further as this is a prime dividend share for my pension. Long term investment for me, and the dividend payments should coincide with my intended retirement year of 2026 all going well.

Regarding the case, I believe the last day of the hearing is tomorrow (29th), but I am not sure how long after this it will take to know the result? My feeling on it is that we have had a positive result in two court cases so far, and it would take some new evidence for this to be overturned. And I doubt the supreme court would want to undermine the existing results (lower courts) without just reasons. So I am quite positive on the outcome for us. I also do not think (hope) there will be any great delay on them announcing their decision as they are well aware of how advance the project is (production commences end of this year)....🤞

Lol ...all these new folks talking in the 30 - 50's buy out ....🤣

I mean you's all surely realise the board are in discussions (or should I say bid war) with external parties to get a slice of our cake. We know what it's worth and it certainly isn't pennies in the £. Get serious Ass-ore....🤣

Quite a lot Skelly.....ask Keliber....🤣

And further to the calculation, there is defined methodology of which Market Approach (Precedent Transactions) has been mentioned;

https://corporatefinanceinstitute.com/resources/valuation/market-value/

Scob14, see page 17 of the agreement circular below:

https://www.europeanmet.com/wp-content/uploads/EMH-Shareholder-Circular-Final-To-lodge-on-AIM-incl-Proxy-Form-v2.pdf

And to answer your query re how to calculate fair market value. In a previous interview KC stated this would be based on existing industry examples of which I am sure Keliber/Sibanye was referenced. This is common practice I have read (research 'fair market value' calculations).

Jonesy / Cad - If you do not discount every single thing that KC has ever said, then we do have fair value if CEZ had to make an offer. And we will not be able to sell out to anyone else without a CEZ blessing.

So the last time I looked at fair value (see my post 14/04/23), based on what happened at Keliber / Sibanye, my very rough calc was Euro 4.69 / sh.....easily enough to put CEZ or anyone else off.

Helps keep the vultures at bay.....🤞

PS and to be clear, Pallinghurst acquired their share of Nemaska for a miserly 60 million (of which they never put a single penny actually into the company), then sold their share of it to Livent for 350 million a year later. Good business for a private company registered in a tax haven....😭

And yes, I am still bitter.....but also lessons learned....🤔

Is the rodents (hint, they live in the bilge of ships) that acquired (some say stole) Nemaska Lithium from the original 26,000 shareholders. Historically Pallinghurst did the same to acquire Gemfields (hostile takeover). What is the relevance you ask, well Assore owns 26.64% of Gemfields (Pallinghurst).

Ask any of the 26,000 original shareholders of Nemaska what they think of Pallinghurst who initiated the demise of their company....💩

Please BOD, take these people very very seriously, they do not play fair (prevented Nemaska from seeking a proper partner over a six month period where they said they were interested in the company and signed a exclusivity agreement). Dirty, dirty game they play. I hope Neil et al have done their homework on this crowd and are doing things behind the scenes to counter underhand dealings.

Sorry my intention is not to alarm, but I've been the victim (held a third of my sipp in Nemaska and lost the lot) of this alleged group of humans and I do not want to be in that place again.... 😭

Processing & sp.....

A stab in the dark KC to answer my own query (since yous won't respond to my 📨).

What about EMH/ZNWD merger 1:2 share and operate two mines with one proceeding plant. Makes absolute sense to me and answers the so conundrum.....IMO....🫣

The size, yet only double the sp of Zinnwald (ZNWD). We are an absolute bargain or ZNWD is way over priced? Besides the fact that LI mining stocks are on their knees, it doesn't explain the disparity?

More or less identical ore and at the same stage of development, so what's wrong with EMH? Or is it the case we are being manipulated lower for a reason?

Agree WWT, and it is interesting that Neil emphasis this in the RNS - 'together with our partner Piedomont'. IMO Neil already knows he has PLL's support, after all why would they jeopardise their supply contract with us by changing partner ?

GLA, exciting times....😜

Sid.....thanks for the story (wasn't aware of it) and I suppose if you didn't 🤣 you'd 😭 BCN was the third LI miner to be snatched from original investors that I had shares in, two bought out (which I made a little profit in) and one manipulated into administration (which I lost the lot in). Hence my touchy response which I apologies for.

I think there is a lot of industry / market manipulation and misinformation going on at the moment to shake the tree of as much loose pickings for as cheap as possible. IMO, hold tight if you have done your homework;

https://finance.yahoo.com/news/north-american-lithium-industry-gears-181235233.html?soc_src=social-sh&soc_trk=ma

Thanks Tom, reassuring to know they at least recognise there will be nervousness (founded or not).

Thanks Tom, reassuring to know they at least recognise there will be nervousness (founded or not).

Scob14, that's exactly what I've intimated via email to the company over the weekend (no response as yet). If many more would do the same, perhaps we would get an RNS. Does anyone know if KC is over in Europe at the moment?