Member Info for Simon_Said

That was the reason behind the small CEZ loan. A few mill to keep things going for now till they're completed the DD required to unlock greater funds. Then they buy in big time, become our largest shareholder, and 'magically' all the necessary permits start appearing and red tape starts magically disintegrating.

Ain't politics a hoot.

Nothing new in here, right?

Ooh, burn

Knowing S&S, they wanted to capitalise on the spiking share price to raise with the best possible value for shareholders. I know some PI's hate this but those are the most economic times to raise, and also knowing S&S, it would have been for timing. Divestment will take time, not just making any deal but actually getting cash from that to use for anything else all takes time. Meanwhile they probably something else they wanted to negotiate a bid on and as they've told me in person before, they like to have cleared cash-on-account before negotiating, for obvious reasons.

Rumours of a nice Cali announcement about to land. Hence the buying.

Lol so when the news came out the shares spiked +20%, but the market is 'put off' when the spike trends down? On a week where AIM is pretty soggy all over, no less.

Don't over read this, the actual trades moving it about are nothing special. We did MASSIVE volume on that spike, some profit taking going on is all.

All our previous perceptions of timelines are out the window now. State involvement takes away delays from funding rounds and permit holdups. The Czech govt are very, very aware that they're falling behind. Meanwhile CEZ are busy building battery factories and would clearly love domestic supply. Do the maths!

I suspect we'll see everything greatly expedited from here on out. EMH fundamentally changed today.

Great seeing you back Robin. Don't keep apologising for 'ramping' - you more than proved yourself even-handed by exiting loudly when you no longer thought the company was doing best by investors. Nobody can accuse you of deliberate blindness.

Lenigas knows this space better than most and as he's just said, 'Now it all makes sense. Czech's CEZ is building lithium ion battery plants. Todays EMH:LN news is transformational for them'.

I know people dislike him but Lenigas is right on this one (and not personally involved so don't mess your pants!):

https://twitter.com/DavidLenigas/status/1151063321958858752

If you check out the link he includes, turns out there was a massive sodding clue posted some 2 years ago.

I am overexcited with 2 of my shares doing the dance today and keep posting on the wrong boards. I am very sorry. Reported myself to admin and now taking an internet break...

What are you implying? That they ramped the share in Tweets, but sold before that had appreciably moved the price? Nah. Those trades are around the midprice, suggesting a negotiated trade with a broke.

Besides the price wasn't impacted. Suggests to me there is a decent book on the Buy side. Look for a zesty afternoon IMO.

Let's get this straight. CEZ are doing due diligence, subsequent to which they will offer extremely significant funding to the project (Bacanora investors know better than most how significant this is!) in exchange for enough shares to become the largest shareholder.

This means they can tell the electorate that the state is benefitting from the project and influencing/controlling it (environmental concerns are huge in CZ).

And for the rest of us, it means the true scale of Cinovec can be realised, which is on a wholly different scale to where we are now, and come to think of it is distinctly main-market rather than AIM.

So not only are the political concerns dealt with, the next question which would be around funding (again, look to BCN!) will be sorted too.

Of course this means printing shares and trolls will be here trying to scare people off. But this is the only way to unlock the vast resources here. Nobody makes any money if they don't get sufficient investment to unlock the asset, and 'investment' generally means giving equity in exchange for funds.

I added shares here this morning and could not be more excited for the next few months as this new state-friendly narrative plays out. Look to see Babis' HNW friends getting involved too, including buying shares on the open market. Now that he's on-side, there'll be a sustained effort to accelerate the project (watch the permits come in) and to accelerate the share price (Babis will be Babis...).

I wonder if our old Czech troll poster is still watching...

Lol why are people still saying things like this?! RBD sustained far more SP growth from the initial WN RNS round than UJO did. Yet every time UJO gets a spurt of growth people seem to think RBD is 'lagging behind'. Zoom out your damn charts, folks!

Meanwhile the spike at UJO yesterday lasted under 24 hours. I say that as someone who has some shares there, so I do watch the price closely. But it's just nonsense to compare day gains between the 2 and take observations like that.

They are actually listed:
https://www.bloomberg.com/quote/CEZ:GR

Fascinating - Keith emphasises that CEZ (pronounced 'Chez') are an excellent partner due to their mining experience and operational experience within the Czech state. He's really amping up what a helpful partner they are to have on-board. This 2m is an initial investment while they carry out more DD. This is THE answer to the issues around state participation in the Cinovec project. As far as I'm concerned that's the lion's portion of the risk now cleared, especially with Babis' tweet.

Full steam ahead!

BoardsOfUK - shares were ALWAYS going to need to be issued, that's what investment in a company 'is'! And the only way to unlock the vast potential in this mine is with investment. Don't fret too much, the whole idea is the pie is going to get a whooole lot bigger, a few extra slices can be absorbed.

This project has always been a sleeping giant and I've said since nearly the beginning that state involvement is the best route to proving it up. Think about it this way: A fully private company coming in has neutral or negative political impact, and their interest is solely on profit. But a state firm has positive political impact (will make permitting 'magically' speed up, you can be sure!), AND it has an additional motive beyond naked profiteering. Aligned interests are everything with a project this size, and there are few pockets big enough to bring a project as big as Cinovec to fruition. A state treasury and a Czech billionaire ought to do it...

'BoardsOfUk' I can't make head of tail of that post??

This should herald the start of a string of positive announcements as the Czech state finds ways to become involved. This is just the first.

During all the political strife the project kept getting more attractive, so now the politics are firmly aside, market confidence should return here. Happy I stayed put.

Amazing news! I just bought more on the bell, already had a decent holding. Never felt better about EMH's prospects.

Not to mention that the print edition of IC didn't include Bango, as they went to press too early to catch Simon Thompson's column. The next edition is this Friday and will include his Bango column.