Member Info for news

Tweet: "Metered daily oil rates to date equal to or exceed 2016 values. HIGHEST HOURLY rate equivalent to an implied rate of 352 barrels of oil per day." -UKOG on Twitter, 10 mins ago. Wed 18 July 2018

Tweet: "Gatwick Gusher DRY OIL flow to THE SURFACE at Portland Extended Flow Test well clean up phase completed." - 7 mins ago, Wed 18 July 2018 [UKOG on Twitter. See link given in this thread.]

UKOG tweet: "GATWICK GUSHER gushes again first tanker taking 214 barrels of oil from Portland test leaves Horsehill for BP Hamble Terminal." 2 more pictures of Sanderson and 1 more tweet.

https://twitter.com/UKOGlistedonAIM Wed 18 July 2018

David Lenigas: "British Oil for British Job! This journey is only just beginning." Wed, 18 July 2018 https://twitter.com/DavidLenigas

could represent a viable Open-Cast mining target in itself, but could also, AS AT TELFER, be only the Uppermost express of a COMPLEX gold-copper deposit of SIGNIFICANT SIZE."

The tweet words before the above: "Progressive BLACKHILLS is an exciting project."

Note: Progressive is the research note.
Tweeted by GGP 42 mins ago, Wed 17 July 2018
https://twitter.com/greatlandgold

Ann:"Substantial shareholder notice."-AEE [Aura Energy] on ASX. Link: https://hotcopper.com.au/asx/aee

From recall, one holder bought 5% of the co. Click the announcement [ANN] to read.

The holder is a poster on the said forum as he posted after the ANN and everyone knows him.

From the Stockhead.com.au article embedded in D.Lenigas tweet:
"Artemis said it lodged its application about 3 HOURS Before Rio Tinto....HAVERION DISCOVERY... Early stage drilling undertaken by Greatland Gold on its landholding uncovered HIGH GRADES of GOLD up to 29.12g/t. Anything ABOVE 5g/t is usually considered HIGH GRADE." Wed 18 July 2018

Comment:
As said by GGP, the industry is now cognisant of the Discovery Status of Haverion.

Tinto to NEW copper and gold ground near NEWCREST via Stockhead.com.au." 54 mins ago, Wed, 18 July 2018
https://twitter.com/davidlenigas/status/1019479627775950848

On topic for Greatland Gold Plc [GGP] as their Blackhills & Haverion licence is East of Telfer belonging to NEWCREST in Paterson, West Australia.

ago: "Progressive re Black Hills " Initial exploration in June 2018 identified visible gold in outcrops..suggesting very high grade mineralisation REMINISCENT of the Upper Portion of TELFER." https://twitter.com/gervaiseheddle/status/1019479627775950848

Note: The caps are mine. Mr Heddle has embedded a tweet: "New Progressive Equity Research Report just released -"PATERSON province is emerging as one of the Most Exciting gold-copper exploration plays in Australia this year."

Wed, 18 July 2018

Comment: So as the 1st Book Build and sp at 70p, the t/o offer at 88.5p appears at fair value as history shows. Always good to re-visit share price fair value.

On 30 Sep 2016, Rare Earth Minerals Plc [changed to Cadence Minerals, KDNC] "suggested" a Reverse Takeover of Bacanora Minerals at 88.5p per share. Bacanora*s board said: "this substantially undervalues its assets and potential." At the time, Rare Earth Minerals owned a 19.8% stake in Bacanora and the wk before had purchased 4.5m shares at £1. www.proactiveinvestors.co.uk/companies/news/166741/bacanora-rejects-rare-earth-s-merger-offer-166741.html

Today, BCN share price is 70p after the RNS yesterday, 16 July 2018 relating to Proposed Placing to raise US$100 million. [Book Build]

Interesting also that Mark Hohnen on 7 Sep 2017 bought 714,285 Bacanora Minerals shares at 70p [Source: London South East BCN page].

One for the history books.

"We are delighted to have Blackhills & Haverion as part of our portfolio of 100% owned project & we believe that BOTH these high prority targets have the POTENTIAL to deliver SIGNIFICANT shareholder value in the Long Term.

"The Blackhills licence covers 25 sqkm in the Paterson Region of Western Austalia and lie adj to the co*s Haverion licence. Previous Work by co*s including NEWCREST has outlined SEVERAL ZONES of gold mineralisation ..equivalent to those of Large TELFER gold deposit which lies 30km to the West."

-Gervaise Heddle, RNS - Blackhills, Tues, 17 July 2018

Comment:
From the horse*s mouth relating to Blackhills & Haverion.

EMH*S CINOVEC: "FOURTH BIGGEST IN THE WORLD which is not sited in salt flats &
BIGGEST Lithium Reserve in Europe." - Czech Radio, 9/10/17 reporting as per Australian forum now on this topic thread headline.

It may be helpful to read further articles on the subject matter on the EMH Australian forum. Australians form a large porportion of EMH shareholders. The title will be: "Andrej Babis: Cinovec worth US$80 billion" of the Sat 14 July 2018 and today, 15 July 2018. EMH is listed on the London AIM, Australian ASX and in Germany.

From the above subject title ,courtesy of Andrej Babis, Prime Minister of Czech Republic [Alma Mater: Economics University] it is difficult to envisage the meaning of US$80 billion without context. Hence, why analysts use peer comparison. EMH is often paired with BCN as being 1 yr behind.

Ref: "Investor*s Chronicle: Lithium Powers Bacanora Minerals. Sep 10, 2015." Google title to read.
In essence: "Based on the current lithium carbonate prices of $6,000 {£3,925] a tonne, the co might be well sitting on RESOURCES WORTH $4 BILLION TO $23 BILLION after costs."

"That*s a huge premium to the miners £72 million current market cap. In the bull and bear points, the bull point: LARGE DISCOUNT TO NPV."

Comment:
So, that is £72 million mkt cap vs $4 billion to $23 billion after costs [all commodities are quoted in US$].
Indeed, fast forward, the market cap of BCN today is around the £109 million+ mark, Fri, 13 July 2018 [81.5p].
52 wk high £1.57 and low 76p.

EMH, market cap £30m [21.5p]. 52 wk high 57p and low 17p vs US$80 billion worth of resource estimated by the Prime Minister of Czech Republic. To check, see this thread for the reference title to google.

Using simple maths, one can calculate £72m vs $4b-$23b [US$]= ?% of resource worth. [BCN]
" " " £30m vs US$80 billion = ?% of resource worth estimate. [EMH]

On topic for EMH as using standard norm peer comparision. Even in the EMH Presentations, the peer comparisions are shown but from recall, only the mkt cap is mentioned.

Sat, 14 July 2018 Please check. DYOR.

(1)"Andrej Babis - Resource :he estimated to be worth 80 billion US$. The Social Democrats & Centre Right parties though, according to the broadcaster see less of a problem of a private co being involved saying it has the required know-how."
Source: "Czech Republic explores its lithium possibilities.-Minex Forum, 11 Aug 2017" -Google title to read. Please check. In Czech Republic, there is ANO, Social Demo & Centre Right & Communist Party etc.

Comment: It is interesting that the estimated worth of Cinovec has come from the now Prime Minister of Czech Republic itself.

RESEARCH REPORTS on https://www.europemet.com/technical-reports/
1) Capital Network Report, 16 Aug 2017
In essence, Cinovec has a mine life of 22 years {commencing 2021} - only based on 5% of the known source, with upside potential for life extension. Read about cashflow yields. On the page, it stated: 48p at the date of the research report.

"European Metals Holding is one of the few European equity exposure*s to the Lithium demand thematic."-Capital Newwork.

2) Paterson Research Report, 3 May 2017
"We believe Cinovec has the potential to become a long life, low cost {Tier 1} lithium operation."
"Spec buy and a Valuation of A$1.68/share." On the top of the page, it stated: EMH $1.00.
Today, Sat 14 July 2018, the exchange rate is £1=A$1.78.

Comment:
The share price of EMH on Fri, 13 July 2018 was 21p+ & Mkt Cap £30m.
So, from the 2 Analysts Research Report as above, one can see that the share price is now a bit more than 1/2 of the value at the time of the Capital Network Report of 48p. On Hotcopper, EMH*s Australian share price on Fri, 13 July 2018 is Australian 40c.

EMH*s 52 wk low was 17p and high 57p. Paterson*s target price of A$1.68/share is approx close to £1.

So, as a balance, the share price appears to be in the lower 52 wk quartile. Therefore, the Risk vs Reward has been spelt out on this forum in detail. It is also known that in any portfolio, there is such a thing as hedging. That is up to the individual how much hedging they do to balance Risk vs Reward in their portfolio*s.

For peer comparison {normal standard used}, it is often discussed in tandem that Bacanora Minerals is 1 year ahead of EMH. Bacanora share price is 81.5p and mkt cap £109m and their Sonora lithium project is located in Mexico.

P.S Mr Andrej Babis-Wikipedia lists his Alma Mater as University of Economics, Bratislava.
Pls check and DYOR.

What has been discussed now puts a balance on the whole picture relating to risk, potential, mkt caps etc.
We await further developments.

@traydor Answer: The facility is close to BMW Dingolfing factory in Bavaria, where the INext will be manufactured STARTING 2021. The CATL battery production in ERFURT will run at Full Capacity in 2022."
Ref: "CATL revealing details on battery factory in Erfurt."- Electrive.com, 9 July 2018"
To read, please type this title into the search engine.

Sorry, I have eye strain currently hence why I could not edit my posts earlier. I had to spend time to re-locate all those articles again and go through them again.

Oh, by the way, it also occurred to me that IF the Czech Republic took away EMH*s Cinovec, will they be able to also seize EMH*s work [drilling, testing etc via reports] as well or will they have to start all over again? One for the legal beagles to answer as that would need more specialist legal research.

P.S. I also checked up when CATL will be producing initially from Erfurt, Germany and the date EMH is proposing to produce.

Further, I checked EMH*s website and from the Presentations, EMH is pretty much advanced.
I also read Paterson*s Analyst note from the EMH website. Todays, EMH share price is around the 22p mark, Mkt Cap £32m area. So, its always RISK vs REWARD. DYOR.

13 July 2018, Fri

Quote:

"But many experts caution that EMH cannot be elbowed aside after WINNING Initial Mining Exploration Licences and having PILOTED the research into reserves. They warn the Czech Republic could be opening itself to a MASSIVE arbitration case if this occurred."

"This previous announcement by the Australian mining boss makes CLEAR that this is a VERY BIG & STRATEGIC project."

" I*m Keith Coughlan, the MD of European Metals Holdings, the OWNER of the LARGEST lithium project in Europe, the Cinovec project. Cinovec is not only the largest lithium resource in Europe and the FOURTH LARGEST non-brine lithium resource in the world, it also holds the Largest Tin Resources in the world."

"TENS BILLIONS OF CROWNS HERE ARE AT STAKE."

Comment:
What did the phase "makes it clear" mean? Its norm that such a statement by Keith Coughlan is the opening statement if there is any move to take away "ownership", "licences" and "research", hence why the end sentence states: "Tens billions of crowns here are at stake."

Some time ago, I did my own due diligence on the matter and I read the original discussions among politicians relating to the matter. So, in the article above "Arguments re-erupt over Czech lithium reserves. - Radio Prague, 31.1.18, the article is merely summarising the conclusion.

For anyone interested, they can try to locate the original arguments by politicians that run into pages and their concern that the Czech Republic could be opening themselves to international arbitration and the MASSIVE sums involved . Please check as each has to do their own due diligence.

I also checked up the record of the Czech Republic at the International Arbitration Court and it lists all the cases the country has taken and those that have been taken against them relating to any potential or actual seizures of mineral assets etc. They even list into a specialised category of Czech Republic against X, Y or Z country.

So, yes, it could be seized but one has to both look at the TRACK RECORD of the actual cases and investors are now aware from these said articles that to the politicians have discussed this and they are COGNISANT that if it went to arbitration, it could involve BIG MONEY.

I do not have the link with me as I checked quite a long time ago as personal due diligence but everyone has to do their own due diligence and DYOR.

Also,from the above article, one will see that EMH is lispted on ASX, AIM and in Germany. So lots of investors from different countries involved.

To read, please type the title into the search engine.

Fri, 13 July 2018

i