The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
@scot126. Appreciate you responding on this. The upcoming webinar as advertised, presumably to coincide with the agm is going to be another great opportunity to get answers some of the questions on these topics. I am looking forward to hear again from the team and welcome their approach to keeping shareholders updated
Going to be interesting to hear about the assumptions they are making in those vendor financing discussions as it relates to the likely contingencies in the IER for Aphun. My assumption is that vendor financing unlikely to be concluded until the IER is finalised.
Positive update https://twitter.com/P_Fiala/status/1720438231022309860
Potentially some more publicity from the people that matter next week. Daniel Beres, Ursula VDL and Petr Fiala all in CZ for the green deal summit. I would be very surprised if we dont hear more about Cinovec in the keynotes. hTTps://www.greendealsummit.cz/
Seems that our head of project marketing is not letting it go...hTTps://twitter.com/P_Fiala/status/1705101374109745299
Until the re-zoning of the corridor that runs from the mine site to the processing plant is complete there will be no permit, as confirmed by Pavel Cyrani. The current deadline for this is December 2024. let hope the prime minister getting involved can speed this up. I dont believe I can post a document here but I shared a translated local government document which details all of this to the telegram group
Good to see CEZ upping profile with the PM visit/endorsement and the CEZ Cinovec specific website, per the link from rpks.
Permitting process and timeline the biggest risk still though and I dont expect much on this till the end of the year.
@tomcoves - thanks for sharing. Appreciate the company want to get FID completed ASAP after the DFS is complete but the re-zoning of the corridor of land for the mine to the processing plant (presumably a pre-req to permitting completing) is not due until the end of 2024, so I dont see how FID can be complete before that
i listened to the interview quite a few times before posting it and he definitely says "project(s)" also noting that LSE:SAV spiked yesterday without any news. My personal conclusion is they cant be talking about funding for critical raw materials projects in the EU without including Cinovec. Prior to getting into this, the EIB was also talking about getting involved right along the supply chain which has to include mining and processing. Going to be an interesting week ahead.
I doubt there is any chance of an outside buyer coming in before the EIA/Mining permit is issued, I would also imagine that CEZ has first right of refusal anyway. To add complexity to this, the CZ government looking to buy out the remaining 30% of CEZ means they are unlikely to make a move on EMH until after this IMO, as they would need to buy the minority shareholders out of this enlarged and problem better valued position.
EU look very much like they are in panic mode in respect of a response to the IRA. Now calling January for a change to state aid rules. KC playing this absolutely right IMO in terms of the waiting game for EU grants and loans. I would like to see more on the EIA status but my personal conviction in this extended delay playing out in our favour couldnt be stronger. https://twitter.com/sporazene2/status/1603030536041205760
The head of Powerco provides a bit more colour on the meeting specific to the potential CZ gigafactory. https://www.linkedin.com/feed/update/urn:li:activity:6999302137335685120/
I think a decision for CZ as the VW gigafactory location for CEE could be a material driver for our SP rerate, I dont think it changes the picture that much, as if it wont be VW then it will be someone else..