RE: EU impact assessment showing the price of cinovec lithium21 Apr 2026 09:39
I get the cynicism—junior mining is a brutal game and EMH has definitely tested everyone’s patience. But the 'CEZ is a predator' theory ignores a few massive realities of 2026:
The EU Spotlight: Cinovec isn’t a back-alley mining deal; it’s an EU Strategic Project. If CEZ/the Czech Government 'shafted' their listed partner to steal the asset, it would create a massive diplomatic and legal scandal with Brussels. They need the €360m grant and the EU’s blessing more than they need to save a few pennies by squeezing out EMH.
The 'Geomet Clarification' (15 April): The company literally just put out an RNS to debunk this. CEZ can’t just snap their fingers and dilute EMH. There are shareholder agreements in place. If CEZ wanted them gone, they would have made a lowball offer years ago when the share price was in the gutter.
The Expertise Gap: CEZ is a power utility, not a lithium chemicals specialist. They need the technical team and the DFS work that EMH has spent a decade building. 'Stealing' the car is useless if you don't have the keys to the engine.
Skin in the Game: The move to Prunéřov wasn't a hostage move—it was the only way to satisfy the German environmental complaints.
It’s easy to be a bear when the paperwork is slow, but assuming a 70% state-owned entity is going to act like a pirate in the middle of Europe’s green energy transition is a bit of a stretch. Let’s see what the CENIA portal says in early May before we declare the project a crime scene.