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48.5 to 49p now

47.39p

Nice

Strong push again, barging through 47p

UPPPPPP plz thx.

Some serious liquidity today.

I hadn't looked at the tin pricing for a while, is my calculator broken, or do we really have £4-5 bn of tin @ Cinovec?

Talk about powering EVs and electronics (solder) at the same time.

Pleased to see EMH & CEZ bring on a serious mining partner to the table. Moderately derisked, I will be adding more up to December if the price stays below 40p.

Is that 47p blown already!

We have had tentative indications that 201 could work for some patients in the advanced prostate cancer setting. I have no idea how this week will go (honestly, I am tempering my expectations, so that I am pleasantly surprised with the RNS, no point hoping for a supreme miracle!).

But let us say, it has a clinical benefit for 10k patients annually & can be sold for £30k per patient (quite a conservative valuation, IMO).

10,000 x £30,000 @ 75% profit = £225m pa
Assuming 5-10% royalty over 10 years VAL cut.

Well, the conservative valuation on any useful clinical activity, £100-200m MCAP?

But in the realms of fantasy land, I believe it is 1.3m cases of prostate annually, with 400k deaths. So I have based my numbers on 201 having clinical benefit for 1% of sufferers. Is that reasonable?

Ultimately, who the heck knows. The market seems fired up... let's see if it is day traders, broker spam or investors :)

Is Freddie the Northern lad in his 30s who turned up to a few London presentations?

Breakout 39p

Yup, multiple 35p trades piled through

35.98p paid.. multiple orders through at that price now.

I think 35p just popped..

Nice close on 28.5p.

WHAT WILL IT BE TOMORROW - 08:05 AM !

Stevebru, I have been here 5 years. The PYC link was real, rumoured terms were 1% licensing revenue, but I've never seen this in an RNS.

That said, PYC directors apparently fell out with Satu over something commercial, presumably the dire financial condition of VAL several years back.

The eagle-eyed maths wizards among you, may notice the errr, deliberate mistake in my last post.

I blame the calculator. Ahem. Cough cough cough

We have long awaited these results.
What I find hilarious & tragic, is that I once owned ~ 0.2% of Valirx stock. Based on today's MCAP, that would currently be valued at £320k.....!

I couldn't quite retire on that sum, but it would be a pleasant evening. I wonder if I could "accidentally forget" to tell the wife...

ooph, did someone just buy £20k at 28p?

I was wondering how tempting it would be for BP to buy into the Cinovec project, it's core product is in decline and it has made serious moves into alternative energy projects. Whether they really want to get into mining and batteries is probably unlikely, but they are trying hard to get involved in wind and solar.

Bwahaha. I recall in the early early days lithium stocks were booming, I bought emh purely cause it was a lithium mine. A £1k punt at 6.5p became an 84p share before that all imploded due to the politics. Pleased to see that's now all sorted..

Onwards! Upwards!

I am not clear on this.

CEZ are on the "prime" PX stock market in Czech (~13 in total). There is also a "standard" company index & the "START" index (for smaller companies). Will be interesting to see where EMH:PX will end up listing.

Alex, I understand there are approx 160m shares traded globally on 3 stock markets. Namely, London AIM, Australian ASX & Frankfurt.

In the coming 1-2 weeks, it is proposed that EMH lists on the Czech stock market, to facilitate Czech citizens & investors to invest more easily in what will probably become a "larger company". I am not exactly clear how large the EMH/CEZ vertically integrated company will be, but my gut feeling is that it will be significantly larger that today's MCAP (£35m).

For reference, Jiangji Ganfeng is a $30bn+ lithium mine company, Tianqi is similar, Albermarle is ~ $10bn, SQM $4bn, Livent is $2bn. EMH is technically sitting on Lithium resources equivalent to, or in excess of the resources any of the above.

I cannot see the Czech government causing a major fuss over £4-5m, but government 50% ownership of a £1bn mine is not to be sniffed at, so I am hopeful there are major plans for the future here. Of course, all projects have an element of risk, but it was unusual for the NATO military top brass to personally "intervene" to ensure European lithium raw materials.

Today's equity release is trivial in the grand scheme of things. Aren't EMH sitting on £30m cash from a few months ago, with the initial agreement from CEZ?