If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
DN, I'm not here to help anyone nor anyone of us is. Losing or gaining. I have positions in several battery metal mining stocks. Yesterdays CEZ future plans raised some questions. I have no doubts about EMH management and future at the moment, but recent SP moves might suggest, that we are not out the woods yet and who can guarantee that takeover is not possible. I might be too cautious and there is no reason for that, but that is a genuine doubt as from yesterday. Contacted EMH regarding this, will update.
Offtake agreement is a two way street. I’d rather invest and wait until they start the production (after grants, loans, equity releases) and then selling at market prices, rather then selling at discounted prices even to Tesla today. In 2023 lithium will be in high demand anyway and there will be customers.
No shame for questioning or having doubts before parting with hard earned cash. Most "Strong Buy" are already in good profit. Are you personally buying now, or just holding you early position and saying it will be $10 a share? There are no friends nor enemies here, everyone wants to buy low and sell high. Right now I'm as a reference taking report by Rodney Hooper Feb 2021. https://www.europeanmet.com/wp-content/uploads/EMH-Feb-Report-2021-FD.pdf According to him at a "blue sky" scenario SP in 2028 might be £4.27. Expected CAPEX of $540m minus possible EU grant approx $100m. Dilution will not be at $10 a share, it will be pre production at much lower cost basis. Rodney expects dilution to be about +50% from today and share count to about 262.65m. If you do not agree with him, would you mind to share your calculations?
Do you really believe that my comments about CEZ plans can affect the SP? Thanks for the credit, but there are more pumpers here with unrealistic expectations and hope sellers, than those probably doing the opposite. I have a small loss on my initial position at a market close today and looking to increase it for time being. Good luck for everyone and if CEZ official stance "In 2023 a decision on mining feasibility" doesn't bother you I'm ok with that. My thesis about EMH hasn't changed, those buying now will see gains, but it might take some time and might not be as optimistic as others are trying to sell. Read the report, ask questions, do not believe anyone on this board, because if you lose it's your money.
Everything is relative Blonde, you hold shares for quite a while and probably 3x on your investment, so anything what would question EMH future is a noise for you. Some are considering starting a position or increasing it now, so all these questions is not a noise for them. I do not expect that you provide the information what was discussed already and it is closed subject for you, maybe somebody else will be more constructive and not ignorant to new investors.
I got into EMH half a year ago, so honestly do not know what was discussed, but I believe it's a healthy discussion not only to me. Not trying to bring negative, but looking for answers before increasing position.
I had a stake in Bacanora Lithium for quite a while and even it was promised that no takeover will be accepted ever, people are silent then money talks.
Thanks for engaging in discussion, just trying to connect the dots.
Proposed subscription by CEZ a.s. for a 51% interest in Geomet s.r.o.
(i) The Company will be diluted to a minority (49%) interest in its sole operating subsidiary, thereby giving up majority control over the operations of its major asset.
(ii) If the Company is unable to fund its share of future ongoing requirements of Geomet following completion of the DFS, then its interest in Geomet may be diluted at such time.
(iii) While the Geomet Shareholders' Agreement includes certain minority shareholder protections with a number of reserved matters which require the approval of both CEZ and EMH, in the event of a deadlock on completion of the proposed work programme if the parties disagree on a construction decision, CEZ has the right, but not the obligation, to buy EMH's interest in Geomet at market value, albeit subject to any applicable regulatory approvals required at such time, including shareholder approval.
CEZ through its wholly-owned subsidiary, SDAS (SEVEROCESKE DOLY A.S. ), owns 51% of Geomet s.r.o. the holder of the Cinovec licenses.
I'm not trying to be negative, just investors now are doing more research on toothpaste and making their decisions on random comments on the investment boards.
This project definitelly will take off, just it might take more time (as per information from CEZ, maybe it was intentional) and money could be dead for next 12-18 months.
CEZ is not a private company and they do not need lithium to receive fat monthly salaries. As GM noted they talked more about coal than lithium. We are talking about Eastern Europe mentality and political influence as well. So far I will not be adding to my position, because right now it will be just smoke and mirrors. Maybe some swing trading with US uplist.
GM, I have exactly the doubt about after today CEZ presentation. I believe something is cooking behind the doors. CEZ do not need mining and battery business, they probably will create another company to do that and they can afford to start mining later, not EMH.
What I said was, that without news listing on US might give a boost, but it might not be sustained. It's a junior mine without revenue for at least another 2 years. We definitely will see some more dilutions as well. CEZ and partners or EU funds will not pay for everything. A lot of hype and volatility to come.
CEZ in today's presentation noted "In 2023 a decision on mining feasibility". They have their own agenda and possibly trying to keep SP down. Anyone new proceed with caution, do your own DD. I have position in EMH. My PT north of £2.
To my understanding, anyone who really wants to buy EMH can do that. ASX, AIM, OTC just pick one. There might be foreign transaction fee and probably not all tickers can be on tax savings account, but it's doable. So I'm skeptical about sudden SP increase because of EMHYY, I might be wrong, just my opinion.
Regarding "LTH's that know the true value", I believe most of them are multibaggers already or even riding on a free shares, so offload during pike without news is possible.
Regarding CEZ, yes we do not have other option, but I just expressed my opinion after today CEZ presentation. They are slowing the process.
With no news, demand from US might not move the needle. In case there will be some demand and SP increase, early investors and speculators might offload some shares. Volatility and uncertainty is here to stay. I do not like CEZ, but that's probably the only way to get mine to operation.
From slide 46
Lithium mining and processing in Cínovec
CEZ Group owns 51% stake in Geomet, which owns rights to deposit
Pilot ore-processing line is being prepared
Preparation of technical and financial feasibility study under way
In 2023 a decision on mining feasibility.
Just in 2023 a decision on mining feasibility?