Member Info for Tesla101

Not a shareholder here anymore but I did notice something interesting on this topic. It's very rare that Keith likes a tweet. But in this case he has - https://twitter.com/globallithium/status/1402588268504535041?s=20
Also liked by czechlithium. Smells very like some kind of offtake.

Saw this on my twitter feed - might be of interest to holders here - Benchmark Minerals giving EMH a shout out - https://twitter.com/sdmoores/status/1229337691319406592

Kevman I think you're nuts. I got out in November and put the money into Nvidia and AMD, two reasonably safe fast growing stocks. Coulnd't be happier - the stress of awaiting RNSs every day and then watching as the market opens and seeing whether it is positive or negative for years is something I don't miss. Not to mention the years of 'slavery' in reading up on this industry and competitors.

Now I am in no way advising to buy the above stocks (pumping a 100+bn mcap stock on an alternative investment forum!) after their recent bull runs but I hope you get my point. Take the loss and move on, away from highly speculative stocks and into a basket of well researched large caps. EMH is years away from progress and I hate to say it but really I don't think it matters anymore that EMH are located in central Europe. Look at BMW, they signed 100% 5 year offtake with Ganfeng, whose mines are in South America and Australia. And yes pricing is set to increase and may get slightly above the respective PFS sale prices but 51% of the company will be sold. Thoughts about getting back to 60p or even 30p have to be tempered. If 51% will be sold for £33m then 100% is £64m. Current market cap is 23m so upside to 42p... and that is being very generous.

I hate to admit it but I snuck out the door this morning realising a large loss and am no longer a holder. Although I think it is a decent deal given the current market, it leaves too much uncertainty still on the table for me and pushes deadlines way out once again.

When I initially invested it was boom time and our edge was that we are based in the centre of Europe with little to no mining competition in the area and low cost, but to me more and more it looks like the big players, the SQM, Tianqi, Albemarle, Ganfengs of this world will be able to sufficiently undercut us with economies of scale and technical experience, despite long distance distribution costs and give steady, reliable supply to the big European manufacturers. Good luck to all that keep the faith, offtakes and permits could be just around the corner and maybe the MMs will show buying support if and when this agreement with CEZ is approved.

They were picked up - https://www.lse.co.uk/ShareChat.asp?ShareTicker=EMH&share=European-Metals-Holdings&thread=AC4500B3-8092-402D-8D08-F05021945B09

When Tomcoves is in, you know it's getting serious!

Interesting one of the ministers replies to some idiot about fire safety of EVs:
"This is not about promoting electromobility. But as long as it really develops, as advised by VW, we cannot be out of the game. Trends in the automotive industry are not decided in the Czech Republic."

As advised by VW eh? That can only be good. Good thing they are not advised by Morgan Stanley!

Good news for EMH

https://www.dw.com/en/bolivia-scraps-joint-lithium-project-with-german-company/a-51100873

Keep in mind that the market is a lot different to back then Newboy. There was reason to be excited. Today we have big producers like A40 folding, AJM on the way out and GXY close to the edge.

Who gives a f88k skelly, it's the man's opinion and it's credible. Uncertainty is at all time high and we wouldn't be priced the way we are if it wasn't.

They produce spodumene not carbonate - the final product. So you'd be comparing apples with oranges.

Emotions are high, pretty much everyone in the red. It's probably the worst possible period in the lithium history timeline with everyone scaling down expansion plans. Pilbara shut down mining for 2 months and cut the workforce. Only positive is the bounce is expected by mid next year.

https://www.reuters.com/article/usa-mining-lithium-americas/lithium-americas-trims-production-target-budget-for-nevada-mine-idUSL2N26E1RP

https://www.reuters.com/article/us-china-lithium-tianqi-electric/tianqi-lithium-in-supply-deal-with-swedens-northvolt-idUSKBN1W91NR

Hah! The posting of a desperate ramping director from Infinity Lithium - and its not wonder because he's using a ridiculous selling price of 15-16k/tonne in their hydroxide PFS. Interesting his whole basis for that is based on apparent forecasts from Fastmarkets.

Failed to mention that Fastmarkets currently report a price of $12k/tonne (where we have set our pricing at) - https://www.metalbulletin.com/LITHIUM-PRICES-UPDATE.html

Slight correction his loan CDI's have a higher exercise price of 72.5c AUD - so even more worthless. In total of the 25m shares issued in the last 3 years mentioned, 3m of these are worthless loan CDI's spread between directors and advisors

Thought your numbers looked a bit harsh Earache, not having a go but just to correct the sums from yesterday:

Yes Keith currently owns 6.38%... if you include the 850,000 loan CDI's that he was issued last year under the management incentive plan. But my understanding is these are similar to call options with an exercise price of 48c AUD - so worthless right now.

To compare like with like, he has 8.5m ordinary shares which gives 5.8% ownership, down from 7% at July 2016 when he also held 8.5m shares. Don't know where you were getting 10% from - but open to correction.

Anyway, in that time the company only issued 25m shares (over 3 years!!). Big whoop. In context the company issued 46m shares between July '15 and July '16.

In addition to this I would hope that KC's background in funding could help with negotiations and also his 'skin in the game' to get the best deal possible.

Not all doom and gloom tsibis - look at Bacanora. They gave up 30% of Bacanora and 22.5% of the holding company ie. the equivalent of our Geomet holding company. And they got all that at VWAP of 25c, no discount. Their share price nearly doubled on the news.

Although it has fizzled back a bit for now, only good things are coming for them down the line. Reduction in capex through the expertise of Ganfeng giving a higher project NPV, a debt facility to support the construction costs at a reasonable interest rate, offtake box ticked and rising prices for lithium by the time production starts.

So yes there will be dilution, that is the nature of the game. But the offsetting benefits (should) far outweigh it.

Didn't notice until today but I see now that SAV has dropped by over 30% since Monday due to a low ball credit raise. Good news for EMH I guess, another European project that is loosing credibility fairly rapidly. Feel bad for holders over there though