Member Info for Noise

From the investor presentation on the EMH website (last 2 months), it indicated that offtake agreements would be targeted for summer 2021 (June/July ish).

Commercial sampling Q4 2021, DFC Q1 2022.

Ties in with the expected mine design timeline scheduled to complete around Q3/Q4 2021.

Having spoken extensively to George in the past, I can say he comes across as an eccentric intellectual who I was quite fond of. On the topic of literacy though, he does have a habit (I admit I have this also) of writing texts/emails on the move, occasionally I would get the most bizarre emails in a 'stream of conciousness' style writing (i.e. no punctuation and structure/meaning is completely out of the window).

Well, classic London Stock Exchange history, would suggest VAL will either fade into irrelevance and get wound up. Or alternatively the whole operation was a smear attack designed to bundle VAL products nicely into a FTSE 250 company, after a modest £50-100m payment 18-24 months after the smear attack (Valirx would find it staggeringly difficult to ever get into the FTSE, even if the products worked, it's just how the admin and bureaucracy works).

I have to say, my general life positivity and mood was improved when I backed away from VAL. The tingling drama and arguing just became exhausting. I still like 201 on paper, not so much bothered about 401, while 101 could possibly go on to better things in 5-10 years if they had a backer and clinical trials for this type of product were more tolerant of this kind of advanced genetic tinkering.

Yeah, that is negotiating strategy 101 class, go in with a low ball offer, stamp your feet, threaten to open your own factory and haggle on the price and terms afterwards.

Presumably radio silence and vw making noise about gigas would tend to suggest there may be sensitive offtake conversations ongoing?

CEZ have also approved their 1st battery storage plant, 4MW used for frequency regulation. Goes into commercial operation in a few months

https://www.cez.cz/en/media/press-releases/the-tusimice-battery-tested-well-140689

The 40 milisecond response time will crap over the 30+ second response time for a gas turbine generator.

Tyson,

I think the main price drivers at EMH will be the completion of significant steps.

The EU and Czech government have had a small drama and reorganised EMH into a more favourable political situation. Our lead engineer (SMS group) have had ~ 8 months of work now, with finalised designs and testing finished within 6-8 months.

When that goes through, that will significantly de-risk the project and you can likely see £1.50 to £2.50 by this point. If combined with a moderate offtake agreement, £3+. Both of these events could happen in 2021.

Some risk in the background as always, but same as any other company. My gut feeling is that Czech govt would not have dug their heels in so hard if the mine was a duffer. They smell money, they smell billions and and we have half of that.

Is there anything that prevents EMH listing on the FTSE? Sometimes it's the weirdest accounting rules make that less than simple.

FTSE has some odd rules about financial stability vs AIM.

Fingers, I understand you have your ears to the ground slightly better than the rest of us oiks..

But, on what basis are you rumouring 500ktpa? That gives a surprisingly low mine lifetime (~15-20 years...?) based on 7mt

Brady, the Rio Tinto mine @ Jadar will probably be 25-50ktpa

Cinovec capacity is long debated, initially 25kpta but likely 50-75kpta by 2030 IMO.

Zinnwald - from recollection it is a much smaller mine, 8 to 10kpta.

Keliber, Infinity and Savannah may end up with 5-25ktpa each? Some unusual ones are rumoured, for example the Cornish lithium team, but they seem really early in their development to me. I'm not even sure if they've settled on salt water extraction or hard rock excavation, which seems a rather key starting point.

Oh nice, a link up with Iberdrola for clean energy

VW's 240GWh is approximately 240kt.

EMH phase 1 is 25kt and is the biggest and most advanced mine in Europe. Although VW will presumably also have other countries supplying raw materials.

Yup, he said 40GWh-region battery factory in Czech or nearby

Is that a big 4th plant in Czech????

VW need 240GWh for EU auto market. Northvolt from 2023 in Sweden

Some fancy recycling battery shredder being used.

Almost like something you'd see in a mine

"high degree of local content" re battery raw materials. Production

Vertically integrated supply chain. BAsically a lot of control over all supply chain

Make, Buy, Partnership models for raw materials.

https://www.youtube.com/watch?v=vdnRfNwj1Fg English language stream

Whatever Twitter exec decided to run two streams for this presentation, with both streams having the English and German spoken over the top of each other, without subtitles, needs a disciplinary. Confusing at best