EMH 0.00% 27.0¢ european metals holdings limited

IMO it is combination of both: the consumer environmental...

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    IMO it is combination of both: the consumer environmental awareness and willingness to buy EV and home batteries; also governments actions as the best example is China pushing electric vehicles revolution to reduce pollutions in their highly populated country. However what really drives lithium stocks SP is lithium carbonate price. For example price of 99% min lithium carbonate delivered to China went up 21.5% over last 12 months and in last 30 days in particularly went up nearly 11%. That reflected in recent price movement of majority of Li producers and projects in progress such as ORE, GXY, KDR, AGY, MIN and a few others.

    Unfortunately EMH's SP is going the opposite way and it is not only lack of news which is affecting it. Other factors stopping myself from taking low SP buying opportunity are: low cash reserves, long time for the production target (2020), Czech government involvement (this always slows the process and often politics prevails any common-sense). Probably the only chance for SP positive movement ATM is if one of big businesses comes with some cash for shares and offtakes - rather small chance with Czech gov. at the gate. Now, Fingers before you start ramping, this is all IMO.
    Last edited by Pary: 09/09/17
 
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