European Metals Share Discussion Threads

[scrutable] 20/3/2017 19:29

psim

On a different interpretation of the same facts the share price has hit a double bottom in its retracement from 73p to 64p - admittedly short of the normal Fibonacci level (57p) - so it could fall a further 10p, in the absence of positive news; but the pre feasibility report is bound to reverse this trend

So we have something to look forward to

[petersinthemarket] 20/3/2017 10:48

As I understand it, this chart is showing a very clear bearish descending triangle. This usually indicates that distribution (selling) is taking place. It is normally considered to be a continuation pattern which could mean the share price will continue to fall when the triangle completes. Since I have a decent sized holding here, I have an interest in this analysis being wrong, but I suspect we need some powerful good news, and soon, to reverse this trend. Any chartists care to comment?

[rafboy] 17/3/2017 15:28

Will we see some buying into the close. News on several fronts due including the PFS by month end?

[bookwormrobert] 17/3/2017 08:06

Hi Luisfrg! Well, considering that we should have metallurgy news and off-taker updates as well as the pre-feasibility study, I think everybody's working assumption is that EMH's share price is going to soar in the next couple of weeks. But markets are funny things, so who knows...

[luisfrg] 16/3/2017 22:29

Whats price movement expected before end of month announcement?

[rafboy] 16/3/2017 16:20

Excellent news and sells going through well above the bid. Expecting delayed buys to show up later?

[banshee] 16/3/2017 16:09

from today's FT


Print this page
an hour ago

by: Henry Sanderson

Albemarle, one of the world’s largest producers of battery chemical, lithium, raised its forecast for demand by the end of the decade due to faster uptake of electric vehicles.

The company said it now expects lithium demand to grow by 30,000 tonnes a year through 2021, from a prior forecast of 20,000 tonnes.

The company said while there is continuous innovation in battery design it doesn’t see any “disruptive non-lithium energy storage technologies on the horizon.”

[rafboy] 16/3/2017 15:40

Struggled to buy 4000 shares but have them now.

[rafboy] 16/3/2017 09:06

Indeed myst1, so is the share price going to be at current levels in 2 weeks time? I very much doubt it.

[myst1] 16/3/2017 08:55

Before the issue of the PFS, in the last Directors talk interview Keith said the following news will be released:

Metallurgy Results
Further information of the product and
Further information on off-takers

That's a lot of news in the next 2 weeks!

[rafboy] 16/3/2017 08:26

Yes, good to see the PFS will be with us quite soon. May well see some buying ahead of it being released.

[bookwormrobert] 16/3/2017 07:29

Halt-yearly report for EMH out. No particular "new" news; these reports always deal with past developments not future by their very nature. It does confirm, however, that the PFS is due out by the end of the month.

[rafboy] 15/3/2017 09:47

Runthejoules, I believe it due before month end or first week in April.

[steeplejack] 15/3/2017 09:27

Yes Bacanora is EMH's template.A lot of fickle money slops around in these AIM stocks.Slowly but surely the time and cost considerations as regards getting to actual production,start to moderate excessive exuberance.That said,a joint venture or the like could be announced at any time fuelling a surge in the share price.Safer to be in than out.

[equity growth] 15/3/2017 09:17

bookwormRobert - ASX: KAI drilling for cobalt.

[rafboy] 15/3/2017 08:45

With the PFS only 3 weeks away I personally won't be selling any shares. Are some becoming nervous?

[luisfrg] 13/3/2017 17:39

150,000 ...72 buy at close bodes well.....or not ....

[scrutable] 13/3/2017 13:22

I suggest that the cobalt chasers first look at Argonaut, quoted on ASX. They seem to have done a deal with Antofagasta to fund a feasibility study on the cobalt resource left behind after copper mining at Nyungu in Zambia.



I am too busy at 89 and naturally have a shorter time line ahead, to read all the RNS coming out of ASX, but will be delighted to read other bloggers' findings.

[scrutable] 13/3/2017 13:01

I don't think that any miner specialises in cobalt. It's usually a co-product found in association with copper and nickel and it's therefore widely but thinly spread. The majority comes from Zambia and the CAR. There's probably a lot lying around in old tailings from the big copper mines, like Antofagasta.. As the demand increases I expect that's where the battery industry will go looking for it. First we need to find out how much cobalt is needed for current and future Li -ion batteries. Any shortage seems likely to come from a lack of historical requirement and/or existing flow of material, more of a problem getting it collected together in sufficient quantity. That doesn't mean that there won't be a mismatch between availability and demand. Tesla should be worried as should the quality german Car makers. There's no sign of any at Cinovec.

[myst1] 13/3/2017 12:11

bookworm,

Re cobalt, maybe not what you are looking for, but check out CAF and recent news and senior management appointments, all for a MC of 2 million pounds!

From the 30th December RNS:

The Company has a broad pipeline of new opportunities identified from the management team's network. At present we have a potential pipeline of twelve opportunities which include African and South American uranium; North American lithium; European lithium and cobalt; and African and Australian copper.·

From the 17th Feb RNS;

The new Board hopes to provide the Company with:

- new resource project opportunities including more advanced and near or currently producing assets, complementing existing interests, and

- access to high quality capital for the future including institutions, hedge funds and family offices.

Name change due this week and decent news flow due.

I'm in CAF and EMH

[bookwormrobert] 13/3/2017 11:06

As far as I can make out, there are no cobalt players to watch! I've researched this extensively (including Canadian shares) and I can't find a cobalt-only miner anywhere near production; only some really long-shot exploration plays. If anybody on this board knows better, please let me know. I'd be very grateful.

And no, "lithium isn't over"; it's only just begun.

[petersinthemarket] 13/3/2017 10:50

Great article sambuca, but unfortunately no clues on the cobalt players to watch.