Member Info for sporazene

Wow, it took the troll less than 30 minutes to arrive this morning having been all over the thread yesterday. thanks for your options,

Of course if you prefer option 2, you'd hate for the market to prefer option 1 and then send the price down by taking profits after the DFS arrives.....even if that was your real motive..

The house broker has provided an updated note this morning that was interesting, its available via research tree. Plenty of content including their own modelling suggesting an expected opex of $5400/tonne(net of credits) which stood out. I had pencilled in a much higher figure in my own valuation and I would imagine if we do come out anywhere near that figure when the DFS does eventually come out (Zeus saying "this year", you wont be able to buy shares at 10p.

@gsdsitgs. Your statement that no-one at CEZ cares about Cínovec is incorrect. This may well be your opinion but the facts tell a different story. Here is a statement from Patel Cyrani following the designation of Cinovec as a Strategic Project under the CRMA. Patel is the 2nd most senior executive at CEZ.

https://www.cez.cz/en/media/press-releases/lithium-mining-and-processing-in-usti-nad-labem-region-included-among-european-unions-strategic-projects-215817

@fingersxed -yes, I think we already know from material that is in the public domain that some/all of the DFS has been circulated to the Ministry of the Environment. I don't think it is out of the ordinary for draft versions to be sent confidentially for review etc

Positive news this morning that this mining permit has been granted by the Ministry of the Environment. I ask myself how likely it would be for them to approve the permit if they were not supportive of the project going ahead. My personal opinion is that our DFS will be released within weeks and in someway tied to the incumbent PM's efforts to cling onto power.

Re the EIA submission before year end, I would hope Geomet is managing the prep work in parallel and/or getting an extension on this deadline from the JTF, i doubt they can submit an EIA without the DFS being released!. our Q2 update is due this week, I am waiting to see what comes out of this by way of an update, but share all the frustrations about mid year and previous expectations being set etc.

@sags89 - you asked about the DFS timeline and CEZ comments. there was recently a press article after the CEZ AGM which quoted Pavel Cyrani. At the AGM Pavel was reporting as stating the project feasibility study will be finished before end of the year, with all permits in 2027 and then into production by 2030.

Following this, I contacted someone at CEZ investor relations whom I've had the occasional exchange with over the last couple of years and they confirmed the timelines that were shared. HTH.

Dear o dear Skelly, I don’t know how many years you have been posting on this forum, I would guess that’s it’s quite a few, but you still can’t even get the basics right.

I am sure all readers of this forum know that the bulk of the capital raised to build the mine and processing facility will be done at the JV company level, via Geomet. So to draw comparisons between EMH’s market capital vs the total mine capex in the way you did in your most recent post is largely irrelevant.

Of course there will likely to be equity dilution at the EMH company level at some point but likely not before EIB debt, offtake prepay, possible grants. In the meantime I have no issue if we tap EBRD for our pre FID financial needs. Just another example of the troll intentional misleading to suit their narrative or as was the case on the modification of the state aid rules, the troll just doesnt understand how the project is structured.

Let me also be absolutely clear here, I am highly frustrated with the DFS delays and how expectations have been managed by our CEO, I think I understand the underlying reasons for these delays and the risks that we still have. However, I see some green shoots of recovery with the lithium macro and recognise the progress that we have made in the last 12 months is material enough that I have sufficient confidence that we will continue to progress.

My contribution on this forum is not about seeking to influence current or future investors but to call the troll out when he/she is not sticking to the facts.

Dear all - pleasantly surprising to see the uptick in lithium prices over the last month and we are back above $10K for carbonate and $800 spod con. It will be interesting to see how far this goes and of course all the so called experts called this wrong as usual!

Most of the producers have seen valuations head north but the pre revenue developers have lagged.

It was also good to see Vulcan get their large grant of free money this week; given our status with both the EU and CZ governments as a strategic deposit/project, it will be a big surprise if, in time, we dont see a similar grant, together with cheap debt from the EU. Good that we have their partner the EBRD on the register here and likely to increase their holding IMO as we take on further capital through the next phase of our development.

It's been pretty quiet for EMH as we await the DFS, but it was good to hear CEZ come out and commit to getting it done, so no concerns from my point of view even though we are stretching the definition of mid year.

it's also been quiet on this board, apart from our resident troll of course. Looking back at all the posts from July, approaching 30% have come from one poster. When that poster doesnt have a financial interest in EMH, either long or short (allegedly) and those posts are of a negative slant, this is the generally accepted definition of a troll.

Rather ironically, when the troll was challenged on a factually incorrect post about state aid rules, we are all still waiting for the troll to respond on that....

Q the troll....

Wow - Skelly, you were quick off the draw there, especially for someone who doesnt have a financial interest in the company. Don't you have anything better to do ? (genuine question)

In your haste to put your negative slant on this information you failed to read/comprehend even the most basic of information contained within it.

Must do better.

Some interesting amendments to the EU state aid framework under the Clean Industrial Deal that reference Critical Raw Materials projects. This new framework was launched last week

hTTps://ec.europa.eu/commission/presscorner/detail/en/ip_25_1598

hTTps://competition-policy.ec.europa.eu/document/download/93776e25-7c9c-4e19-aa9e-76ca80cbf5e4_en?filename=CISAF%20-%20Overview%20aid%20intensities%20_amounts%20.pdf

Skelly - who is attacking you? Even in this woke world we live in, I think you are being a little over sensitive. I am just observing you for what you are. Much like you are free to voice your opinions on EMH, so can I voice my opinion that It is somewhat odd to find someone dedicate so much of their life to one company and one bulletin board whilst having no financial interest in that company, that's really quite strange, especially given the raison d'etre of these forums. That is not attacking you, its just a fact.

As it relates to EMH, I am not here to say anything that make sense to invest in EMH, odds choice of words there Skelly, but it is up to each investor to review information in the public and make their own investing decisions.

Massive tumbleweed moment from skelly there. Might be wise that you avoid attempts at comedy in the future

"no one on here knows anything about each other"

That is complete rubbish Skelly, I know plenty of EMH shareholders and have correspondence with them off this board as I do with most if not all the other companies I am invested in. I think that is the case with most serious investors.

Skelly the truth seeker? Hiding behind an anonymous avatar only posting on EMH..pull the other one.

Dear Skelly - Greenmachine is a holder , has been for some time and is open about it. He has a vested interest.

Do tell the forum about your motive posting morning, noon and night?

@greenmachine - we all like a post but if i sell out of a company, i move on, plenty of other fish in the sea and I dont have time to post on companies i have no interest in. I especially dont post all day every day, each to his/her own but that is not a very good use of time, unless you benefit of course. Thats the problem with these forums they provide a cloak of anonymity.

Skelly, first post 5.56am this morning and still going at it 4.45pm, all this for someone who doesnt have an investment in EMH.

anyone think that is normal private investor behaviour?

Skelly85 - the AGM is 6 months early because the changed the year to align to GEOMET. More FUD from you.

@cadellin - it's ATH you mean? Newsflash, show me a lithium developer that doesnt.

Good news today, not a company maker in it's own right but another brick in the wall. EMH has been slowly getting runs on the board since the 3rd quarter last and no reason for shareholders not to expect the DFS to be released mid year. Keith C has got a long way to go to fully re-build credibility but clear signs of progress here.

Amazing that someone with no long or short position in a company is posting on private investor forums at 4.12am on Saturday morning. That is not normal IMO.