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It will hurt if you pay this much time and attention to a stock - and your not in when we're made a EU strategic project, if we're mentioned more with this gigafactory
Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
Receive a 49million Grant larger than the mcap
Or if Offtake comes to fruition with DFS
"They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April"
Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments.
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
More details of this Gigafactory can come at Anytime - the prime minister wanted a gigafactory and the lithium to come from Cinovec - will the country reject the 8bn that's currently on offer
Hope everyone's well - News rich Q2
I like so much that for now we're buying still 3x under the price the European investment bank paid
Environmental Footprint
• The production of critical raw materials at different stages of the value chain
causes climate and environmental impacts, notably on water and biodiversity.
• In order to limit such damage and incentivise the production of more
sustainable critical raw materials, CRMA empowers
This in particular is interesting to me - the EU as a whole has been slow as there much high requirements to confirm ESG credentials and carbom emissions levels producted and declared officially. These are things that likely have impacted the timing of DFS to date - which listening again to the interview from a month ago, is largest majority complete. We were in the 30s in December before the extention.
The Czech Republic doesn't want to miss out of the gigafactory economy that's now building up around them in Finland, Sweden, German, Poland and others - the UK has some planned but northing being built yet also.
Do we think they will accept the 8bn offer?
It will boost thee economy and help have the supply chain come from in country rather than abroad as it the current stated plan - for the lithium to come from the Cinovec
Will we be involved with this Gigafactory?
The bank purchased 6 million at triple the current price - they would have known the project is of course not going to be left in the ground when making that purchase - how often to Banks buying to Lithium deposits. This one is stretegic for the EU and for the country
Will it be left in the ground?
What happens if/when we recieve the 49million Grant in may/june?
For me strategic status, connection to the gigafactory or recieval of the grant before DFS or Offtake are all major green lights from here.
While the mcap smaller than the grant money alone from the asset value and everything else, the current price is high risk with relatively low risk based off they will never just leave it in the ground, it's critically needed and worth multiple billions, the banks 6mil purchase at triple the current price is assuring of that
Have a lovely Sunday all, looking forward to the next few weeks and months
Happys Sunday all - hope everyone's well.
So Cinovec is already a designated project under the Just Transition fund - https://www.lse.co.uk/rns/just-transition-fund-approves-cinovec-project-hvgte7a76r3slkw.html
But Iv been digging this morning on the upcoming announcement of EUs 17 strategic projects for securing Critical raw materials
Strategic Projects under the CRMA
• Strategic Projects is the key tool used in the CRMA to accomplish its objectives.
• A Strategic Project would make a meaningful contribution to the security of the
Union’s SRM supply by increasing supply of SRMs or of strategic technologies
through the substitution of any of the SRMs.
• Strategic Projects should be flagship projects in terms of technological innovation
and sustainability.
• To ensure the development of Strategic Projects across the Union, such projects
should benefit from streamlined and predictable permitting procedures and
support in gaining access to finance.
9
Recognition of Strategic Projects under the CRMA
• Strategic Projects will be selected based on the following criteria:
1. Contribution to the security of the EU's supply of SRMs.
2. Technical feasibility of the project within a reasonable timeframe and the expected
production volume of the project can be estimated with a sufficient level of confidence.
3. Project is implemented sustainably.
4. For projects in the EU: project has cross-border benefits beyond the Member State
concerned, including for downstream sectors.
5. For projects in third countries that are emerging markets or developing countries: project
includes only projects with like-minded partners, is operated under a sustainability
certification scheme on raw materials recognized by the Commission, is mutually beneficial
for the EU and the third country concerned and contributes to the development of the
country economy and downstream industries.
• Applications for recognition of a raw material project as a Strategic Project will
have to be submitted to the Commission.
– for projects in third countries, application should provide evidence that at least 40%
of its ownership is based in the EU or in the partner country.
• The Commission will assess the fulfilment of the recognition criteria and can
prioritize the processing of applications for projects active on specific stages of
the value chain.
• The European CRMs Board will issue an opinion on the application. If a Member
State whose territory was concerned by the proposed project maintained an
objection during this process, the project would not be considered for the
status of Strategic Project. The Commission would have to adopt its decision
within 60 days
Guys, for the good of this board
I'm going to report Skelly for false and misleading information - 5 of the same reports and the person is banned from using LSE - as your please
Have a lovely weekend all
The CEO has never said that from my research which iv done alot. You try use discrediting tactics and a new view looking in wouldn't know the difference
What he is actually saying about Offtake is that it will come to fruition with the completion of the DFS - that it's a partnership not a customer arrangement - with a floor a ceiling price higher than PFS figures were based on.
https://www.londonstockexchange.com/news-article/EMH/just-transition-fund-approves-cinovec-project/15814577
And so, what happens if we receive the €49mil Grant in may skelly? To the sub 30mil mcap...
I don't like posting this much, but I now expect anytime I post facts for 3 others to cover them with nonsense
Incredible Risk reward from here - they tap into the country's treasure, or they leave it in the ground and buy from abroad. I can see what the prime minster and the government want
Lithium mining could be a real game-changer for Prague, because according to an analysis conducted by the Czech Chamber of Commerce, the country has exhausted all sources of growth and faces potential economic stagnation in the coming years.
Did you know, the Czech Republic gets 40% of its energy from coal and 24% from oil. CEZ owns circa 75% of where the coal comes from. As the country phases out coal - Cinovec will help create 1000s of new job, support the country's Gigafactory and reinvigorate the economy.
What's the risk? The project never comes online and the country's greatest resource is left in the ground and they buy from abroad?
What's the reward? 10x+ between now and FID
High reward low risk IMHO from here, all you have to do is look at the purpose of the CRMA for Europe.
Ah and lastly
We finished at 15.6 equivalent in Australia
Have a good day all, might check in later
Old article, but those researched can see where we are now relatively. Can't believe a world class asset like this is worth so little Atm - I was previously in from around here to 80+ without slicing and I'm still slowly building over april for the exact same and more.
https://nextinvestors.com/company/asx-emh/
Our Big Bet for EMHBig Bet Tooltip
EMH significantly re-rates to $1BN+ market cap on reaching a successful Final Investment Decision for its hard rock lithium project strategically located in the heart of Europe.
And shortly we'll release and planned phase 2 production increase to 60,000tpa - one of the lowest AISC globally - times that by the lithium price ( 17-19000 floor price beinf discussed with our offtaker, 29+ on the ceiling) to see what we can be producing per annum relitive to the mcap.
Multibagger... I say from here, this price, low risk
We multibag or... The country leaves the deposit in the ground untouched. One makes the country wealthy and brings 1000s of jobs/supports 100,000s the later leaves the country in trouble.
Announcement stage at the end of April
https://www.dw.com/en/lithium-the-czech-republics-white-gold-rush/a-66821017
Morning
Really clear agenda of the bashers on here, doesn't take a genius to see. It would take alot of research for anyone looking in to not be detoured by it, and I'm sure would have increased the Fear Doubt and Uncertainty for holders. Hence a 50%+ drop from later December for an extention.
Facts are;
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
[04/04, 12:09] Michael: Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
There's a 8bn gigafactory now looking to be built in country after 1 of the 5 potentials has made a bid - while we know the prime minster wants a gigafactory in country, CEZ want to be involved with one ( the state power company that's 70% government owned)and the prime minister wants it to be from mining Cinovec. The largest lithium deposit in Europe, currenrly valued to the market at sub 30million.... Priced to fail but...
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
This is Actually what is happening, very exciting for EMH, the Czech Republic and EU.... And the bashed just want to try discredit keith but there nothing keith could do different. World class projects take this long, especially in Europe up until now.
The grant
https://www.lse.co.uk/rns/just-transition-fund-approves-cinovec-project-hvgte7a76r3slkw.html
Given the total amount which may be applied for by the eleven designated Strategic Projects in the Usti region in the first call is CZK 8.3B (approx €350M) and that the funds allocated in this first call from the Just Transition Fund to these Strategic Projects totals CZK7.3B (approx €300M), although there can be no certainty, the Company is confident that Cinovec will receive a significant portion of the funds applied for from the JTF for the Project.
There's 11 projects left that are going to receive there slice of this €300million - are tailings will replinish the ex coal deposits and the country phases away from coal. Less coal production means less job, the prime minster wants to reinvigorate the country while it's neighbours are do well with the gigafactory economy.
Gigafactory + Cinovec will bring 1000s of jobs for decades and be a huge positive for the economy, for CEZ who will be involved in both - and for the government.
Sentiment aside, we're approaching multiple pieces of news that will move the SP, while the bashers pretty much speak like non of the above is reliant at all, and bla bla bla
Actual real company and asset to invest in - I'm investing in
Anyone looking in, beware of the nonsense that gets posted by the basher. Rarely based on fact with full intention to cause Fear, Doubt and Uncertainty - in the company and keith.
World class projects take this long - if the grant is received it will contribute £42million non dilutive funding the the Mcap - everydalay pounced on with maximum pessimism. When it looks like at all actually about to start happening now.
--
This
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
But the bashers just think this will left in the ground for the country to never benifit from? Read the above. It take experiance to see through the noise for the clear investment case this is, I'm half in an waiting for the CRMAs annocment at the end of April for the rest. If we get the grant good luck trying to talk down the SP - or any mention of us supplying this gigafactory. ( that's currently prime minster plan....) dyor, I really like the reward vs the risk from down here and am buying to hold for the next 12 - 24 months without slicing - it either goes or it doesn't, it's priced like it wont, if it does, the SP with be 10x+ from these prices on FID. 10x would still be less than half the total capex, nothings priced in
This
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
Strong board of nonsense here - feet will be shot and eaten soon
Will do my usual morning post just to combat the volume of noise
It says 17 strategic Projects - quotes to 3 different pieces of news flow over april
Were already strategica importance status under the Just Transition fund, who the 49mil Grant is coming from. You call it ramping, it's stating the facts about where the company is now, a safe high return smart investment from here.
Have a good day all - looking forward to the newsflow
12 days* was 15 in Keith's presentation
Https://www.mayerbrown.com/-/media/files/perspectives-events/events/2023/11/critical_minerals_nov23_slides_nikolay_mizulin.pdf?rev=-1&hash=9832B668821D4B845140A5093CB00F3F
Keep up - circa 20 days until the 17 projects above are announced
Reference CEZ "They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April"
Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments.
https://www.lse.co.uk/rns/EMH/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
https://english.radio.cz/government-discloses-plans-ev-battery-gigafactory-karvina-8810603
Dyor and look at the facts unfolding now - the basher basically say the project will never come online, we're about to get alot of certainy that it will and the SP will take care of itself
Keith also said hydroxide flowsheet news This week - news rich April, grant DFS and Offtake to follow
Ghin, it's hard to know who's not just a mindless basher on here - probably a large part of the reason the SP is on the phone currently.
https://www.youtube.com/live/zcgA367Jlxk?si=LVidGtmam8KP_9dt
Circa 40 minutes in for keith - mentions signing the 17 strategic projects
https://youtu.be/SR5WUvcLdVE?si=cGrA4WRzL8pseKIS
Also in this one I believe
Cinovec would certainly be strategic for the 7bn gigafactory
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
Also research the 49million grant that's coming
Interviewer "Your partner on the project is CEZ, the czeck utility company, major utility company - are they aligned with what you and your company want to do with the development of this project?"
Keith "Absolutely, you know CEZ is a very big organisation, but the key people from CEZ from our perspective are very much aligned with us in terms of the timelines of bringing this project ot fruition as quickly as possible - its very positive for them, you know they still have aspirations about being involved in a gigafactory - a battery factory in the Czech Republic."
"They are very much aligned with green energy, they have been moving away from coal for many years now and have an acting winding down programme. They have many green assets themselves, wind power, solar farms ect and they have commited, to provide green energy to this project, and they would very much like the see the project move ahead as quickly as we would like to see it move ahead."
"They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April"
---
"So yes it is thee largest hard rock lithium reposit in the EU, its the largest hard rock deposit in Europe but in the EU is by far the largest - and thats important for 2 main reasons, firstly long term security of supply, but secondly obviously having the largest conventional project puts alot of focus on the project from the point of the EU - so when the EU speaks about wanting to reach a certain level of lithium self sufficiency, obviously the largest project can help you get there quicker"
Morning
32. 5 aud finish on the ASX - 16.7 equivalent and the highest price over the last month.
LLlnv, have you not watched any of the interviews from the last 3 months? I don't have the time or crayons this morning to keep spelling it out lol
https://x.com/CzechLithium/status/1750112472483135495?t=ER5hx0YnHixt9gBUFmhuww&s=08
Fully signed in March - comes in to full force in circa 12 days mentioned by keith in the latest video, they have applied a long time ago and it looks like it will be EMH - when the EU looks for critical raw meterial self sufficy they look at the largest by far - also the fact that Cinovec is also a globally significant Tin resource, another critical mineral and upgrading to 60,000Tpa soon.
https://english.radio.cz/government-discloses-plans-ev-battery-gigafactory-karvina-8810603
Cinovec and 7bn giga factory..
Https://gmk.center/en/news/eu-has-finally-approved-the-strategy-of-providing-the-bloc-with-critical-raw-materials/
The Critical Raw Materials Act, along with the Net Zero Industry Act and the reform of the electricity market structure, is one of the flagship legislative initiatives under the Green Deal. The European Parliament reached a political agreement on the CRMA in November 2023. Now the law will be submitted to the Presidents of the European Parliament and the European Council for signature, after which it will be published in the Official Journal of the EU and will enter into force 20 days afterwards.
https://www.consilium.europa.eu/en/press/press-releases/2024/03/18/strategic-autonomy-council-gives-its-final-approval-on-the-critical-raw-materials-act/
The end of the above 20 day period is now 13 days
Who is there to sell in a loss... Now? Nows the time for LTHs to be avraaging down before news. 3 posts of mindless trying to discredit keith - nothing to do with Keith but Europe as a whole slow moving. With the CRMA where gonna here about Cinovec soon - the grant is the current mcap + just under £20million (€49mil / £42.5million - Offtake take to follow shortly after with DFS.
Will keep sharing my research so the bashers don't fill the board with negativity every day of the week while I buy - speaking like the project will never coming online, when very soon it will become undoubtable. Current price is a gift
Https://ec.europa.eu/commission/presscorner/detail/cs/qanda_23_1662
Second, the Regulation proposes new measures to strengthen European critical raw materials capacities along the entire value chain, such as for instance a new framework to select and implement Strategic Projects, which can benefit from streamlined permitting and enabling conditions for access to finance; as well as sets out national requirements to develop exploration programmes in Europe. In addition, Member States are required to provide all critical raw materials projects with a one-stop-shop for all relevant permits. Strategic Projects can also develop in third countries, to the mutual benefit of the EU and our partners.
If we become 1 of the 17 strategic projects in circa 13 days - it's all the greens lights - the 49mil Grant is for the early stage works into decline/incline which will help production start sooner. We're expecting Hydroxide flow sheet news This week which is one of the final and last parts of the DFS.
For a reminder
Partnership/offtake - weve spoken about Partnership offtake atlength for long period of time - how confident are you this particular agreement will drop in the near future?
Its a juggle because of the macro factors but as iv always said, we do want a partnership agreement. This is not a customer sort of arrangement and the other parties want this aswell. So this is a long term partnership with exactly the right sort of people we want to be selling our product to. Other factors come into that conversation - 3rd party factors funding, EU grants and this sort of thing, but its the key factor for us now to bring it to fruition as we reach the end of the DFS and like i say its something im giving my full attention too.
Offtake comes to fruition alongside DFS which we know isn't far. The fuse is lit leading the announcement stage at the end of April.
Delays and impatient in a uncertain market are the reasons why the largest lithium deposit in Europe has a sub 30mil mcap while fully funded to FID - but we're about to get alot of certainty about the project, the grant being the most undeniable to move up the SP - Off take partner and we challenge ATHs. Things will change fast here soon, knowledge is power and current price is great investment opportunity IMHO, the coming weeks will reveal alot
"Fundamentals make this share worth a fortune." Skelly at least acknowledges
This is how long world class projects take - especially in Europe - 2023 saw the big recognition and 2024 is seeing the push for the EU to sort out there own self suffiency by 2025 - which we should hear all about in circa 13 days.
The 30,000 to 60,000 increase is going to be Huge for the EU and I wonder if anything with the Tin.
Interviewer "Your partner on the project is CEZ, the czeck utility company, major utility company - are they aligned with what you and your company want to do with the development of this project?"
Keith "Absolutely, you know CEZ is a very big organisation, but the key people from CEZ from our perspective are very much aligned with us in terms of the timelines of bringing this project ot fruition as quickly as possible - its very positive for them, you know they still have aspirations about being involved in a gigafactory - a battery factory in the Czech Republic."
"They are very much aligned with green energy, they have been moving away from coal for many years now and have an acting winding down programme. They have many green assets themselves, wind power, solar farms ect and they have commited, to provide green energy to this project, and they would very much like the see the project move ahead as quickly as we would like to see it move ahead."
"They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April"
---
"So yes it is thee largest hard rock lithium reposit in the EU, its the largest hard rock deposit in Europe but in the EU is by far the largest - and thats important for 2 main reasons, firstly long term security of supply, but secondly obviously having the largest conventional project puts alot of focus on the project from the point of the EU - so when the EU speaks about wanting to reach a certain level of lithium self sufficiency, obviously the largest project can help you get there quicker"
Real, needed project farb undervalued on asset Base alone - fully funded to FID
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
Skelly, your eat your foot very shortly if you actually believe anything you type. We're priced to fail, very soon it's going to be undeniable we're coming only - the grant will rerate the Sp, followed by offtake. The CMA if give us strategic status like the JTF in 13 days , it's a major catalyst