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Europe Met Share Discussion Threads
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|Translated German article dated 16/1/17:
Http: //www.aktiencheck.de/exklusiv/A ...
Our lithium-actuated European Metals Holdings Limited (SIN: AU000000EMH5, WKN: A14XRL, ticker: E861, ASX: EMH) is reporting first-class drilling results of up to 14,000ppm of lithium for Europe's largest lithium deposit. CEO Keith Coughlan is enthusiastic about the drill program that has just been completed and intends to present a substantial upgrade of the 6.46 million metric ton LCE (lithium carbonate equivalent) now already the largest lithium deposit on the European mainland. Immediately afterwards, a preliminary feasibility study will reveal the full potential of the massive under-rated lithium project. The largest lithium deposits in Europe, located directly on the German border, are already in the sights of the largest German car manufacturers BMW, Daimler and Volkswagen, which are now investing heavily in the booming market for electric cars. The market-listed competitors of our lithium-actuated European Metals Holdings Limited are up to 13 times higher. Bold and highly risky investors are looking forward to a stock of up to 314% with the lithium shares of European Metals Holdings Limited.
CEO Keith Coughlan is enthusiastic about the excellent drill results on Europe's largest lithium project. Up to 14,000ppm of lithium, the first two drill holes of the recently successfully completed drill program revealed more than 17 drill holes. Well CIW-23 scored a strong 261.1m with an average of 0.50% L2O and a section of 4m with 1.41% Li2O. Drill hole CIW-10 with a 223.9m section with 0.43% L2O also confirmed the high expectations in the largest lithium project. In the near future CEO Keith Coughlan wants to present a substantial upgrade of the resource estimate. The management expects again between 3.4 million and 5.3 million tonnes of LCE for Europe's largest lithium asset. We expect a fundamental re-evaluation of our lithium actuation tip by submitting the substantial resource upgrade at the latest.
CEO Keith Coughlan has also announced a preliminary feasibility study to be published soon. The provisional proof of the economic viability of Europe's largest lithium deposit is likely to become the game changer for our lithium-active ingredient. Lithium is in high demand in the booming electric car industry. The German cars BMW, Daimler and Volkswagen have to secure access to the strategically important energy metal in the long term in order to ensure their future viability. The assumption fancy should therefore also stimulate our lithium-Aktientip.
Our European lithium metal trading partner, European Metals Holdings Limited, has been massively undervalued compared to its stock-listed competitors. The company value of European Metals Holdings currently amounts to EUR 9.74 (USD 10.32) per ton of lithium carbonate equivalent. Lithium X Energy currently has a company value of EUR 37.7 (USD 40) per ton of lithium carbonate. This means that Lithium X Energy is about 4 times as high as our current lithium Aktientip European Metals Holdings Limited. Nemaska Lithium has a stock market value of over 132 EUR (USD 140) per ton of lithium carbonate. The lithium shares of Nemaska Lithium are thus rated more than 13 times as high as our lithium actu- al tip.
The car manufacturers Volkswagen, BMW and Daimler are also likely to have an eye on Europe's largest lithium deposit. Directly on the German-Czech border, in the heart of Europe, is a huge lithium precinct|
|I hope so. That disparity is baffling.|
Tried and failed to post that link myself!
I think it is going to get exciting for holders over the next few weeks with the amount of news flow before the PFS. The interview states that news will be due in January and February. Hopefully by the PFS in April we will have made in roads on rectifying the disparity on the valuation compared to our peers!|
|This is a link to a directors talk interview with Keith made post recent RNS, but i can't get it to appear in my post. It's also on LSE, posted monday 22:54
Aha.. try this one: http://bit.ly/2jqE56n|
|the drilling may have come in on budget, but by no stretch of the imagination did it come in on schedule,
'7500m, june to sept'
consequences for pfs >>> apr2017. the potential here is INDISPUTABLE, but they do need to sort their timelines out. [followed emh since autumn 2015.]
'Having recently confirmed a Maiden Indicated Mineral Resource of 7.0Mt @ 0.23% Sn, 0.03% W and 0.21% Li at 0.1% Sn cut off grade, and obtaining excellent Scoping Study results over the past year, EMH is now going full-throttle to complete a Definitive Feasibility Study (DFS) at Cinovec.
The goal of the DFS will be to move a lot of that 5.5Mt Inferred resource into the Indicated status. With a lot of info already available on the project, including 80,000m of drilling, the Pre Feasibility Stage can be leap frogged, saving the company significant amounts of time in moving into production.
EMH has now made the decision to advance directly to a DFS with completion being earmarked for the 2nd half of 2016.'
|Why do I have the feeling that a placing is imminent after today's RNS and strange share price movements?|
|You may want to look into KENV|
|Today's RNS isn't exactly earth-shattering - more of a routine update with more news to follow. But it's good news as far as it goes, so I guess you're right, and this is just an example of "buy the rumour and sell the news".|
|Sounds good to me, I guess everyone's just selling the news?
EUROPEAN METALS HOLDINGS LIMITED
DRILL PROGRAMME COMPLETED AND
APPOINTMENT OF CZECH COUNTRY MANAGER
European Metals Holdings Limited (“European Metals” or “the Company”) (ASX and AIM: EMH) is pleased to announce that the planned core drillhole programme was completed on time and budget, without time loss incidents. In total 17 drillholes were drilled to a summary depth of 6081 meters. Analytical results for the CIW-10 and CIW-23 are reported in this announcement.
The Company is also pleased to announce the appointment of a highly experienced mining executive to the role of Country Manager.
• Analytical results for further two drillholes at Cinovec Main confirmed or exceeded the expected lithium content and mineralization widths.
• One drillhole is located at the western edge of the deposit near the contact of the mineralisation. The other drillhole is located in the central part of Cinovec Main. This hole has returned the best lithium interval to date.
• Hole CIW-23 recorded an interval of 261.1m averaging 0.50%Li2O (including high-grade intervals [email protected]%Li2O, [email protected]%Li2O, [email protected]%Li2O, [email protected]%Li2O, and [email protected]%Li2O. In addition, significant tin and tungsten mineralisation is recorded: 11 meters averaging 0.081% tungsten, 5 meters averaging 0.14% tin and 1 meter averaging 1.2% tin, and 2 meters averaging 0.088% tungsten.
• Hole CIW-10 reported an intercept of 223.9m averaging 0.43% Li2O.
• All core samples for the remaining 5 holes have been delivered to the analytical laboratory with results expected to be delivered by the end of January.
• Geological information from all 17 drillholes has been compiled into the Cinovec database and serves to update the geological model for Cinovec Main. The geologic model will be used to constrain and update the current block model. The block model will be updated in early February when all analyses will be received. The block model and resource calculation will be part of the Pre-Feasibility Study planned for release in April 2017.
• The Company welcomes the appointment of Mr Richard Pavlik to the position of General Manager of the Company’s Czech subsidiary Geomet s.r.o.
Geomet holds the licences for the Company’s 100% owned Cinovec Project in the Czech Republic. Mr Pavlik holds a Masters Degree in Mining Engineer from the Technical University of Ostrava in Czech Republic. He is the former Chief Project Manager and Advisor to the Chief Executive Officer at OKD. OKD has been a major coal producer in the Czech Republic. He has almost 30 years of relevant
industry experience in the Czech Republic. Mr Pavlik also has experience as a Project Analyst at Normandy Capital in Sydney as part of a postgraduate programme from Swinburne University.
Mr Pavlik has held previous senior positions within OKD and New World Resources as Chief Engineer, and as Head of Surveying and Geology. He has also served as the Head of the Supervisory Board of NWR Karbonia, a Polish subsidiary of New World Resources (UK) Limited. Mr Pavlik’s primary responsibilities will be to manage the in-country aspects of the Cinovec development programme, coordinate technical work and liaise with Government authorities on permitting and licensing of the project.
European Metals CEO Mr Keith Coughlan said: “I am very pleased that we have finished the drilling programme on time and without any accidents. These latest results highlight the substantial mineralisation at Cinovec and the opportunities available to target higher grade areas within these zones.
When all results are received, we will upgrade the block model and finalise the resource estimate for the Pre-feasibility study. We expect further conversion of inferred to indicated resources to occur as part of this re-modelling.
I would also like to welcome Richard Pavlik as our Country Manager. Richard has extensive experience in the Czech Mining Community and will be a huge asset in providing in-country knowledge and capability during the feasibility, permitting and development process.”
The CIW-10 and CIW-23 were drilled at the western edge, and in the central part, respectively, of the Cinovec Main sector of the deposit (see Figure 1).
The current drill programme at Cinovec Main has been planned to confirm and delineate near surface lithium and tin mineralisation that would provide initial feed to the mill. Other goals are the conversion of resources from the Inferred to Indicated category, and delivery of material for metallurgical testing. So far, ten diamond core holes have been completed, and three are underway. Visual inspection and logging indicates that the geology in these holes is as expected.|
|Nothing goes up in a straight line. But EMH's line is still much straighter than Bacanora's!|
|Not a great reaction in Asx|
|Sam 120 - I think you will find that happens with a lot of smaller stocks close to the end of the trading day. Much more significant if it happens in the middle of the day and following some buying.|
|Report released on ASX....|
|See post 99 for the German article published the day before the big rise on Thursday on ASX - then Frankfurt then AIM
|Something is definitely happening with this stock.Too much strength especially on ASX where it fell and then recovered|
|I didn't try to buy but when checking the sale price it came up with the message "online dealing not available to trade phone them".
Suggests they are short of stock.
|Sam are you saying you could sell just before close but not buy?|
|It does indeed make a lot of sense to sell REM and buy some of the individual stocks beneath, especially EMH!|
|Just before the close Barclays stopped online trading would only deal by phone. 10 minutes earlier I could have sold 100,000 @43.25 yesterday they didnt want 40,000.
|All anyone needs to do is look at the bar chart in the header, which shows the relative Implied In-Situ values of Lithium Resources (US$ per tonne).........
If you think EMH is fairly valued based on that, think again.
|Edging up again is a good sign.
|It's not big enough to warrant that|
|I think we're all happy here. But, even so, it's probably best the company put out an RNS about the share price jump.|