RE: Share price16 Apr 2018 12:03
For anyone joining us today for the first time, that 80p was a high reached last year upon signing of a Memorandum of Understanding with the Czech government. Since then a populist Trump-like president was voted in in December last year, who made the Cinovec mine a political football.
After several months of failing to form a government (nobody wants to work with him), there are suggestions from various places that lithium is out of the political spotlight and the arguments made my the new president during his campaign have been broadly debunked, and it's unclear whether he will even be able to remain in his position. The EMH journey should be able to continue unabated (indeed EMH have the legal right to mine the area and nothing short of a huge arbitration case in the EU courts would overthrow that). This is why the price has started rising.
The CEO has indicated some very recent progress on the political front and we should hear some more detail very soon.
During all this downtime (the SP and political situation), work on the Cinovec project has continued. See the RNS for 28th March, for instance.
This is very much an opinion so please do your own research and come to your own view. I'm happy holding here.