Australia's largest stock trading and investment forum Australia's #1 stock forum

EMH

5.13%

20.5¢ european metals holdings limited

Czech Republic elections, page-37

First 37 Last

Share
Profile

Follow
FiendishRedbeard

9,111 Posts.

908

28/10/17

02:51

Post #: 28273083
Share

Originally posted by Mibart ↑

Hi guys.

I'm not a holder of emh but it's been on my watch list for quite a while. Also because my hometown is 10mins drive from Cinovec.
Shortly, imho, the prospective arbitrage seems unavoidable and not looking positive for Czech republic if the gov decides to void emh from going ahead with mining. I believe, Babis and others understand that or will soon, when they look deeper into it. Particularly Babis as a business tycoon would know how this works.
The threat I see is rather putting higher taxes on lithium. Any mined commodity has a tax applied to it and lithium has quite a low one as far as I know. Plus the commodity being sold is Li2O where Lithium (what is actually taxed) itself makes less than a half of its contents (weight). So, I think the government could smoothly avoid any arbitrage whilst increasing the taxes paid on lithium sales. That's perfectly legal, government gets more money out of it and it's a win-win solution. The point will be finding the right tax % that won't repel emh from opening the mine.
The MoU would serve well as to defer exports of raw materials and create more adjacent businesses re. battery production.

Just my opinion. Glth.

MB

Expand

EMH has average returns that were calculated using a 10 year tax free holiday in the PFS.....any change to this would further reduce returns.

Testing supports once again on chart.

EMH Price at posting: 70.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%