First Point: Geomet is a 100%-owned subsidiary of EMH and holds the rights to Cinovec.The objective is clear, to secure funding for the next stage of Cinovec’s development with the proceeds being used to take Cinovec through to a construction decision. This means EMH completing the DFS and all permitting steps. EMH has mentioned the challenge of funding large capex projects in the current markets and this deal would alleviate development funding concerns and progress Cinovec to the point of construction - a deal with CEZ clears the permitting and political pathway for Cinovec to be developed. This is a Fantastic Deal for both EMH & CEZ, it’s a Win Win The pre-funding carbonate value reduces from about 90p per share to about 45pps / 85cents AUS per share and the pre-funded hydroxide value reduces from £1.60 per share to about 78pps / $1.48 AUS per share We all know we are looking at HYDROXIDE so This Is An AMAZING DEAL .... (If you’re invested lol lol)
Exciting & Prosperous Times Ahead
FYI ..... Broker Buy Recommendation Today On LSE
EMH Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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