Member Info for Skelly85

Gruntmachine.

Are you trying to suggest that KDNC having large shareholding and board members in both EMH and BCN wouldn't constitute a relationship?

Youndont grasp the picture that when the ERBD bought into the project EMH told.them there'd be a DFS within a year and offtakes were being inked. Which jn turn influenced why they paid such a price. Let me remind you, non of the things they were promised actually happened.

And the same applies to every other shareholder. They were also investing because they were promised a short term project that would be in production in 2025. Its now 2026 and there's a minimum of 4 more years before any lithium will be sold. If lithium is ever sold.

Dont forget J,

Also based on no EIA approval,.no mining licence, no mine constructed, no processing plant constructed, no transport system constructed, no offtakers, no finance, and grants aren't cash, they are reimbursement post construction, which will only be reimbursed if all the previously missing things are complete.

Incoming buyout before EIA approval, Mining Licence, offtakes or mining licence.

Loowwwww balllllllllll

Theyll be tapping into the national grid. You can say a wind turbine is for this or that, but at the end of the day the electrons end up in the same mix and the cost is determined accordingly.

Geomet doesnt make SMRs

No-one is buying at 16p

Offtakes aren't created on sharp rises in spot prices

Fair value without an EIA, financing, offtake agreements or a mining licence is not going to equal NPV of a DFS with a forecasted lithium price that is significant above the average price of the last several years.

These are not Mickey Mouse statements. They are logical reasoning statements that anyone who doesn’t have their head stuck up their rectum will understand.

Funding deal? For an exploration company with no EIA, mining permit or offtake agreements. Not even an MoA?

Seven traders here yesterday, still no crazy demand to buy ot this "discounted" price.

You can get all your buddies on the board to suck your little weenee Jemesa, but the market agrees with us and thats exactly why the price is where it is.

All those inked offtake contracts..

Lol. Someone doesnt remember all the claims EMH made that made them very, very similar the donut

There's just one assumption you've made, that makes your whole debate fall apart.

"Do you think people like that would be willing to leave stable jobs for a project..."

So european cars cost 30% more than RoW. Yea sure good luck with that.

Like when the EU said they'd ban ICEs by 2030 for a headline. Then when push came to shove. Theu didnt...

Lol

These are years over year quarterly figures.

Project success is more likely without EMH involved as they are a cashless shell company with no revenue who will completely rely on debt and grants to fund their share of the project. They are a liability and a risk

Umm, they dont have grant cash.

Its payback IF milestones are met, after the money has been spent and project complete.

Project success and EMH success arr not the same thing.

240million shares is absolutely modest, so.for every share thats added the dilution is HIGHER.

Someone's been training their AI snake oil salesman.

You're all forgetting how EMH used to own 100% of Geomet, and the politics involved with how they now don't.

And your forgetting how several years ago EMH was ranting on about how they were funded until FID, which are NOW NOT. In fact, they are ALREADY BEING DILUTED. You're shares were diluted just 6 months ago, because they have already been squeezed of half of their assets and ALL of their cash. You're trying to say CEZ won't be able to do something in the future that has already been happening.

Jemesa,

I don't get why you think I would be negotiating a buy out, being on the side of EMH. But anyway its irrelevant what the Mickey Mouse working for EMH would want the buy out price to be. EMH aren't the ones with all the cards. CEZ are. CEZ are partially owned by the government, and they can manipulate this in whatever way they want to squeeze EMH out of the picture. CEZ aren't a charity, so if they decide they will be pushing EMH out of the picture, they will do it in whatever fashion they desire.

They already have EMH by the balls. They have majority ownership, government support, they own the only land Geomet can build a processing plant, they have a bottomless pit of money to continue dragging out this project until EMH is diluted out of existance.

And they are basically at that point, because EMH has no money left in the bank and no assets to leverage. They don't even have another mining project they could move on to. The only thing EMH owns is 49% of an exploration permit, with a partner who's majority shareholder (the governemnt) writes the rule book. EMH is in their knees with their pants down, ready to take a horses shaft up their shight hole.

Get real.

I'm pretty sure Micky Mouse has been on the board for quite some time.

Yep 10% is arbitrary.

Its just a random number to show how low I would set the buy out price, to compensate for the endless list of risks involved. Is would increase if the project looked like less of a joke.

If you don't think 10% is reasonable, then there's no reason why it would go up if the EIA was approved.

No reason why it would go up if financing was approved.

No reason why it would go up if offtakes were signed.

No reason why it would go up if Mining permits were granted.

No reason why it would go up if construction starts.

No reason why it would go up when the first batch is sold.

By your logic the rock has the same value and risk in the ground as it does in a battery. And thats just plain dumb.

At this stage, 10 % of EMHs share of NPV.

EMH has no current ability to pay it's share of construction and there is no long term stability of lithium prices over the threshold of positive cash flow.

At this stage its a 2 billion dollar gamble.

No financing.

No EIA.

No offtakers.

No Mining permit.