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Release Date: 17/06/19 08:56
Summary: PFS Update Confirms Potential Low-Cost LiOH.H2O Production
Price Sensitive: Yes
The announcement content will be available in 11 minutes at 09:16

I wonder how much of the action is down to a long time holder feeling like a guilty schoolchild not being able to resist the sweet of just a few more shares. It has happened to me a few times.

I have twice felt that I was going to be the last person ever to buy under 20p. I was, alas, wrong both times.

Just bought a few more myself

The odd thing is the sell price of 19. I just did a quick probe and found I could but for 21.95 and sell for 21.55.

Not sure why the listed sell price is still 19: nobody has sold for less than 20 for days.

I topped up a bit with that in mind. I hope we're right!

I have offered to buy a few at 15.6. Nobody has wanted to sell to me yet

While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.

I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.

While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.

I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.

While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.

I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.

I think the way it works is that 17.5 is the official price. If you paid less, it will count as a sell and if you paid more, it will count as a buy. My feeling for the last few days had been that the accurate price should be just above 17, rather than 17.5. Then we would have balanced buys and sells. But the buy at 18 seems to suggest that 17.5 might be right.

is this significant?:

The Directors of European Metals Holdings Limited ("European Metals" or "the
Company") (ASX and AIM: EMH) are pleased to announce the appointment of WH
Ireland Limited as Joint Broker to the Company.

To be consistent with my last post, the reported 2.38% up is really the difference between finishing on a sell on Friday and finishing on a buy today.

Having said that, it looked in the beginning of the trading day, that Aus would be falling. So it is encouraging to get back to 43.

If you took the 4.55% drop from hotcopper,: they report the last transaction as the current price (unlike here, where the price is usually the mean of the bid and ask price). The reported drop is based on the last trade, which was a sell at 42 cents, which was the bid price at the time. And of course, that was Friday.

Yesterday was a bit deflating, I admit, and it was not the first time we have had our hopes dashed. And of course we LTHs have been (somewhat) patiently waiting for news that will swing us back up to the now dizzying heights of 80p, the price at which some of us bought a chunk of our shares.

But is worth reflecting that the present SP is 33 1/3 percent higher than it was on 12 October, less than three weeks ago. I don't have many shares that have gone up a third of their value in the last three weeks. Would that I did. Indeed, many of my shares have had a pretty dire few weeks.

https://www.dw.com/en/wooing-tesla-eastern-germans-vie-for-elon-musks-attention/a-45952297

EM tweeting about Germany.

DW article points out: 'On top of that, the Czech Republic's huge lithium-rich area is a two-hour drive from Lusatia, which could be a strategic advantage for a GigaFactory dependent on steady lithium supplies.'

Speaking about the needs of an enormous chinese factory they way as in the works:

"In order to meet this sudden surge of demand, mining production...
For lithium needs to increase 158x -- from 43,000 tons to 6.8 million."

---
take that as you will

https://www.reuters.com/article/us-czech-election/czech-pms-party-wins-municipal-elections-idUSKCN1MG0TC

The ANO seems to have done well. Another bad day for the CSSD. How do we read this? Is this good, bad, or indifferent?

http://www.proactiveinvestors.co.uk/companies/news/205937/european-metals-confident-of-improved-recoveries-in-201819-205937.html

Well into the paper loss camp. I am holding about a quarter of a milliion shares which doesn't sound like that much but about half of those were bought just before the pfs (at about 80p -- ouch). As I have written here before, we may, in the end, all be grateful to Babis for giving us a chance to buy more so cheaply. I have twice as much as I would have had without the fall. So in the long term,...