Yes, I know what H. Wanke said in the live call.
But that often contradicts the official announcements.
What is also very mysterious is why there is no official summary of the interview for all shareholders, nor is it mentioned anywhere on EL's Twitter or homepage.
In management, the left hand doesn't know what the right hand is doing.
in the announcements it says they want to drill in zone 2 and are still waiting for permits and H. Wanke says that they won't drill any more wells before production starts!
So what was in the here celebrated and with the help of EL prepared study of first Berlin only a fake?
14.09.22
https://wcsecure.weblink.com.au/pdf/EUR/02568187.pdf
To increase the Wolfsberg Project’s resource base significantly, the Company plans to start exploration activities in Zone 2.
The Company has completed the planning work to start exploration activities in Zone 2 and the relevant approval process by
submitting the drilling proposal to the authorities has started.
18.03.2022
http://www.more-ir.de/d/23633.pdf
Page 5
A final settlement allowing EUR to continue developing the WLP was reached in Q2/21. In order to reach this settlement, EUR agreed to construct a new entrance to the mine at a location which is still to be determined but which will not be on Glock land. The new mine entrance will be located so as not to be visible from the nearby Weinebene, which is a popular recreational and hiking area. E
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where is the update promised on 01.04.22 regarding the DFS actually announced at the end of 1 Q...?
Instead, there was a capital increase of 30 million on 06.04.
01.04.2022
https://wcsecure.weblink.com.au/pdf/EUR/02505669.pdf
European Lithium Limited (ASX:EUR, FRA
F8)(OTC: EULIF) (the Company) advises that DRA has
informed the Company that it will provide an update regarding the DFS associated with the
Wolfsberg Lithium Project later today
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Where was the visit of the Austrian government, whichwas announced by the management?
22.12.2021
https://www.*.co.uk/companies/news/969946/european-lithium-welcomes-austrian-mining-minister-s-call-to-accelerate-domestic-extraction-of-raw-materials-969946.html
European Lithium welcomes Austrian miningminister’s call to accelerate domestic extraction of raw materials
The company expects minister Elisabeth Köstinger tovisit the Wolfsberg Lithium Project early in 2022
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Why does Tony say on 30.09.21 that there will be no further capital increases and that there are banks offering him financing?
...and then there is a capital increase on 06.04.22
30.09.2021
https://www.youtube.com/watch?v=XCkBOVG_rm0
The company has sufficient funds to complete the DFS and sees no need for further CR to avoid shareholder dilution.
The company has been contacted by 2 European banks that already offer project financing
06.04
https://wcsecure.weblink.com.au/pdf/EUR/02507393.pdf
European Lithium Limited (ASX:EUR, FRAF8,OTC:EULIF) (EUR or the Company) is pleased to
announce that it has received firm commitments from global institutional andsophisticated
investors to raise A$30 million through a placement at A$0.13 per share(Placement Shares).
+++++++++++++++++++++++
So as you can see there are a lot of contradictions in all the announcements and all this is probably also being followed by banks and investors.
As I said, I don't think there will be an announcement about a firm contract with BMW by the end of October...as many here expect.
A few more days and you will see who is right.
By the way, take a look at Tony Sage's other explorers, especially Cylone Metals, what was promised and announced there and where the share price is now.
They even had to borrow 1 million dollars from EL to survive.
