RE: Realistic view16 Jul 2018 09:56
Investors in lithium mining in the Ore Mountains do not believe
As if today's appointment of the government, and hence the political garniture, which had already begun and broke against the private use of the Cínovci deposit, caused further negative reactions from investors. The first lithium will soon be obtained from the site.
EMH shares at 2-year minimums
Shares of the Australian company European Metals Holdings (EMH), which through its subsidiary Geomet are attempting to implement the mining, recorded on Tuesday this year's minimum. Today, they were heading steeply downward, with 8.5% downgraded in London. Losses eventually slowed to 2.86% when they ended at 17 GBp ($ 5). In relation to the 140 million currently issued shares, the company's market capitalization can currently be set at £ 23.8 million (695 million crowns). In any case, investors can recall with an eye in the eye last April's maximum when the title climbed to 85 GBp. Losses have already exceeded 80%.
EMH shares are traded outside London, also in Australia, where they ended on Wednesday at low US $ 0.29. EMH shares can also be traded in Frankfurt under the name E861.F.
Evolution of EMH shares since the beginning of the year (London)
EMH will soon get the first lithium
EMH appears to be continuing to realize its vision of mining on the Cínans. In early June, it announced the next step when it launched a pilot project for ore processing. As the Cínovci deposit is known to be atypical in its composition. There is no proven method of processing in practice. Laboratory has been previously engineered, now the company is going to try it. It uses a sample of 15 tons of ore, which would ultimately bring up to 200 kilograms of lithium carbonate. The company plans to use the "lithium" used in marketing, respectively. to attract future customers. Besides, the mentioned sample will provide about 12 tons of non-magnetic materials, thus confirming the presence of tin and tungsten, which are also an important factor in the planned mining of the Tin.(cont....)
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