Gday, hope everyone's going well.
The Tin price has been looking great for a while now and iv noticing how much it's mentioned in our RNSs - aware that currently its not priced in to our the PFS figures.
I wonder if the April announcements will have anything to do with that - Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments.
The Company's relationship with EBRD is expected to be highly strategic as the European Union charts a path towards greater lithium supply security and sustainability. Support for the Company's lithium, TIN and tungsten Cinovec Project aligns with these EU goals. The investment is to be implemented by way of a private placement of 12,315,213 shares of the Company to be issued to EBRD at a price of £0.423 per share (the "Placement").[2] Upon the closing of the Placement, EBRD will hold approximately 6% of the Company's shares on issue (on a non-diluted basis). - one example.
This makes Cinovec the largest hard rock lithium deposit in Europe, the fifth largest non-brine deposit in the world and a globally significant tin resource.
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It's interesting viewing the sentiment around EMH at the moment - the LSE BB is full of multiple bashers who frequent the board daily creating as much smoke fear doubt and Uncertainty as possible. While when I'm actually looking at what's happening - EMH is valued less than the 49mil Grant they will very likely be receive in May
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.
https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU
https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7
Keith actually says we've received the Grant at 3.33 in the first video and 4.54 in the second. I think it was an accident for him to say that in the most recent presentation says preapproved for approx 50millon euros and that money should become available to in may.
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The EU in April will announce its 17 strategic projects projects in April and we've applied.
The Czech village of Cinovec is sitting on a buried treasure: Europe's largest deposit of lithium. Exploration has shown that the ground around Cinovec — which is situated about 100 kilometers (62 miles) northwest of Prague, close to the Czech-German border — holds 3–5% of the world's total lithium reserves.
While the country current has am 8bn Gigafactory offer on the table.
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
Becoming 1 of 17 strategic projects to the EU ( which we've applied for a should find out in April ) Confirmed connection to this Gigafactory - the Grant - DFS and Offtake - anyone could take us back to the price the European investment bank bought there 6 million and bring confidence back into this asset as a serious investment opportunity.
"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"
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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"
This last paragraph.
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100% increase back to the levels of December before the extention - while now it so all close.
From the impatient and emotional to the patient and rational? I keep thinking the risk is, will it just be left in the ground? Or is this 12 - 24 month 10x+ smart investment approaching the big news. Imho and from my research deep dive it looks the latter. Dyor and Atb
(20min delay)