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Https://www.linkedin.com/posts/benchmark-mineral-intelligence_chinese-lithium-prices-climb-higher-in-early-activity-7178752663583346688-H3e4?utm_source=share&utm_medium=member_android
Very persistent with just negativity - no real basis
How much do you think the 700mt resource is worth in the ground?
Recent interview - offtake Partner, not agreement - to fruition with the DFS
50%+ down just from December - far oversold. ZNWD are currently worth more than us and circa 2 years behind with a smaller resource that will produce less?
Amazing time to enter or average down while the real asset value is far from realized.
This review process could significantly improve the economic and social/community outcomes. Geomet considers this to be an important development in the Project and makes a further delay in the DFS well justified.
Interviewer - "Partnership/offtake - we've spoken about Partnership offtake atlength for long period of time - how confident are you this particular agreement will drop in the near future?"
Keith "It's 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 as well. 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."
Listen to the most recent interview Leon - blatant fear mongering
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.
CEZ being government owned and the fund to help transition away from coal - what the region is currently being majority used for.
Just Transition Fund
Cinovec - Strategic Project
Application for approx €49 million grant for early stage works program - in particular the twin decline entry/egress for the mine.
Applications close 31st December 2023
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Then today
The European Union's Critical Raw Materials Act (CRMA) has now been formally adopted and will shortly enter into force. This is a significant development for the Project in several ways. The CRMA will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.
In addition, the CRMA will provide the framework for the designation by the European Commission and Member States of projects deemed "Strategic Projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the European Union a degree of critical raw materials independence.
As Europe's largest hard-rock lithium mining and processing project, the Cinovec Project is applying for and is expected to receive Strategic Project designation under the CRMA. The Project has already been granted Strategic Process status under the EU's Just Transition Fund.
Already far undervalued for those trying to cause fear who clearly are not holding...yet, as they watch closely but show they are not up to date.
I wonder who the offtake partner is?
Things to consider
Keiths recent interview suggested offtake in hand with the right partner for EMH - and that agreements will come to fruition as the DFS is completed - the PFS didn't include addition figures for the tin bi product that will be included in the DFS - that the current offtake negotiations are included a floor and ceiling price of 17,000 - 27000 and were profitable with both. The continual grant mentions makes me think there waiting an outcome as it can be a considerable contributor to the overall capex - wait one
Bashers in full force
Smart investors know this a gift range and we won't be here for ever. No one's selling much at these prices - time to build positions for what's coming for anyone who's not a day/week trader
Hugely undervalued based on the asset, and funding to FID by major partner - how many other companies have multi million purchases from large institutions? With strategicic importance to Europe, were be receiving grants soon similar to our mcap. No dilution funding towards the overall capex which will be circa 20x the current valuation. What will the SP be after offtake and then funding? No way near here, I can buy now and hold happily. Smart investing
Impatient to the patient
Your calling a sub 10 mil prediction? While possibly about to receive a 49mil grant. Even at the 17000 floar price EMH is still set to produce 180mil profit per annum over estimating the AISC by nearly 3000 - at 27000 the anticipation ceiling price being negotiated with offtakers it's circa 300mil per annum - multi decade project
Zoom out - I sold most of mine 80+ and never though I'd be reentering at a sub 30mil mcap - again you say delays, I say 2024 will be EMHs year, we the same mcap as ZNWD but years ahead, to produce more from a larger resource. What will EMH be worth after there 650mil+ funded.
Here we are. Current range is an opportunity to enter of average down. New highs will be hit after funding. 12 - 24 month 10 bagger, a real asset currently with unrealized value - major partner/government back in a prominent coal region moving away from coal.
Well the thing is lol - the numbers do stack up very well - sounds like they will only be improved now also. Recent interview offtake negotiation will have a floor and ceiling price and both are profitable.
https://www.lse.co.uk/rns/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
https://www.lse.co.uk/rns/tr-1-notification-of-major-holdings-vp1uvz09vo52fe9.html
Many of your other investments have multi million pound purchases 65% higher than the current SP? They will still do well because the have patience to holding. 12 - 24 month 10 bagger+ from here
The fear mongering is blatant here. The largest lithium deposit in Europe, circa 25mil mcap - were get a grant larger than that soon.
The European Union's Critical Raw Materials Act (CRMA) has now been formally adopted and will shortly enter into force. This is a significant development for the Project in several ways. The CRMA will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.
In addition, the CRMA will provide the framework for the designation by the European Commission and Member States of projects deemed "Strategic Projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the European Union a degree of critical raw materials independence.
As Europe's largest hard-rock lithium mining and processing project, the Cinovec Project is applying for and is expected to receive Strategic Project designation under the CRMA. The Project has already been granted Strategic Process status under the EU's Just Transition Fund.
Real asset that could be sold for multiples of the current mcap. Delay, were the same mcap as ZNWD and years infront
Wow, really will be from the impatient to the patient then. The delays until here have been completely justifiable with the market and war. This looks like it will be the final delay - grants and offtake to follow. I'm rebuilding from here.
Strategically important asset. The largest lithium refinery in Europe funded to FID by a Major who's 80% state government owned. Were already far oversold.
Out of curiosity? Are any of you posters holding? It just really doesn't seem like it
This review process could significantly improve the economic and social/community outcomes. Geomet considers this to be an important development in the Project and makes a further delay in the DFS well justified.
They were already good.
The European Union's Critical Raw Materials Act (CRMA) has now been formally adopted and will shortly enter into force. This is a significant development for the Project in several ways. The CRMA will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.
In addition, the CRMA will provide the framework for the designation by the European Commission and Member States of projects deemed "Strategic Projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the European Union a degree of critical raw materials independence.
As Europe's largest hard-rock lithium mining and processing project, the Cinovec Project is applying for and is expected to receive Strategic Project designation under the CRMA. The Project has already been granted Strategic Process status under the EU's Just Transition Fund.
From here I plan to start building my position. The grants already close to double the current mcap.
Surely this is about to dramatized.
---
The European Union's Critical Raw Materials Act (CRMA) has now been formally adopted and will shortly enter into force. This is a significant development for the Project in several ways. The CRMA will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.
In addition, the CRMA will provide the framework for the designation by the European Commission and Member States of projects deemed "Strategic Projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the European Union a degree of critical raw materials independence.
As Europe's largest hard-rock lithium mining and processing project, the Cinovec Project is applying for and is expected to receive Strategic Project designation under the CRMA. The Project has already been granted Strategic Process status under the EU's Just Transition Fund.
Over the coming weeks - I'm rebuilding a large position here. I feel for the long term holders than held the whole way up and down - for me it's always been about when to reenter - from here EMH are set for a good 2024 and beyond
Keiths words. It changes interest and overall capex.
Your really loud - but are not really saying smart things. Also appears you've been doing this for sometime. I'm the one that rode this from 12 - 90
I can't believe I can buy in this range again - iv only recently started reentering. There hasn't been a placing of bad news - just delays, impatience and uncertainty. You speak like the DFS is never going to come, RNSED in December to say Q1 and confirmed by Keith a month ago in an interview that you don't even seem to have watched.
It's days away, I don't mind if it's in April. Buying now at these prices, are lucky. DFS unlocks offtake and sounds in hand already. Do more research Skelly, your a clear scaremonger but nows the time to be buying, cheap enough.
Have a good day all
Https://www.euractiv.com/section/politics/news/czech-lithium-could-contribute-to-european-energy-security-says-pm/
"It is a chance to attract new investors to the region, improve the standard of living and create thousands of jobs. We have a chance to create a centre of modern energy and renewable resources from a once coal region,” Fiala said on Tuesday during his trip to the region where he met with Saxon Prime Minister Michael Kretschmer.
According to the prime minister, cooperation with Saxony is also important, which is why they signed a memorandum on cooperation on strategic projects, including extracting raw materials such as lithium.
Deep mining at Cínovec is being prepared by Geomet, a company majority owned by Severočeské doly, which belongs to the energy company ČEZ Group. The final feasibility study, which will answer basic questions related to the possibilities of lithium production at Cínovec, will be ready by the end of this year. Actual mining could start in late 2026 and 2027."
It's interesting the tone of the impatience - it sounds like your no holding....
Remember what were investing in - and understand the markets been bad and in Keiths words "were finally coming out of a high inflationary environment"
On Dec 28th we RNSed that it would be Q1 - The one month old interview shows it's very very close - and is the catalyst for offtake and funding - and intriguingly grants were mentioned as potential macro factor in the timing of the DFS
Were 1 of 11 finalists for a share of €300 just transition budget for this region specifically to help move away from coal. Then you read what the PMs saying in the article above?
From the impatient to the patient - I don't mind if I comes during April - it's close and it's sounds like so offtake and possibly a large grant. Real investment that can bring 1000s of Jobs - CEZ are the state power company 80% owned by the government
A project like cinovec would never not come online and Keith is still telling us he's confident of this a month ago.
Dyor - current price for this company is an opportunity
Keith*
The first call for grant applications under the JTF opened on 14 November 2022 and closes on 31 December 2023.
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.
The maximum funding to be made available upon application to each Strategic Project in the Usti Region is CZK 1.2bn (approx €49M). The Cinovec Project has been allocated the maximum possible JTF grant of CZK 1.2B (approx €49M), subject to passing through the application process, funds remaining available and obtaining the necessary permits for the early-stage Cinovec work programmes to which this grant funding is planned to be applied to, in particular the early full development of the twin decline entry/egress system for the mine.
Accordingly, Geomet s.r.o (the Cinovec project company) will apply for JTF Grant funding for the maximum amount of CZK 1.2B (approx €49M).
Executive Chairman Keith Coughlan said:
"I am very pleased that the European Union via the Just Transition Fund has approved the Cinovec Project as a Strategic Project for the Usti Region of the Czech Republic. This approval provides further evidence of strong support from the Czech Government and the European Union and the Europe-wide recognition of the critical part which the Cinovec Project will play in enabling the EU to reach its stated goals of lithium self-sufficiency by 2030.
Reference new NPV - Paul was saying the deal with the offtakers will have an incorporated floor and ceiling price of the 17,000 to the 27,000 - the previous 1.9bn is based on 17,000 - 27000 takes it to just under 3bn
Sub 30mil mcap - one of the largest lithium deposits on the planet - hopefully CEZ can help with us receiving the grant funding
Lol - your hilarious
I previously purchased EMH around this price and rode it 80+ - I sold the majority of my PF when the war started
Bad market - inflation up the majority of 2023 now down - the most boring time of the ladonde curve is PFS to DFS.
Again, the largest lithium deposit is Europe will never not come online and the demand for lithium is going nowhere. I never though I'd be buying again sub 20. Impatience and fear is the reason for the current SP - DFS days away/ pos some weeks - will lots of parts move in the background. I'm curious about the 49mil grant
Anyway - dyor and ask what's around the corner from here? Our previous NPV was 1.9bn, let's see what's in the DFS soon - currently a sub 30mil mcap
Keep up
Interviewer "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?"
Keith "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." From 1 month ago
Greedy when others are fearful
This a real company and asset that's undoubtedly undervalued. DFS will confirm. What follows DFS?
Worth listening to the interview from a month ago
I don't care if It lands in April - is days/couple of weeks away max
I'm not thinking about tomorrow but holding this through funding many many multiples of the mcap - a project like this will never not come online