European Metals Share Discussion Threads

[wrtmf] 04/10/2016 16:45

news tonight or tomorrow night, not fri
drilling update...

[wrtmf] 04/10/2016 14:17

33.95 v 33.75
possibly
33.95 v 33.8

[wrtmf] 04/10/2016 13:03

working a big buy?

[wrtmf] 04/10/2016 11:37

the interview was suggestive of a drilling update this week... should soon see that 36p again

[wrtmf] 04/10/2016 10:55

something relatively low for now, but as highlighted in earlier post, arbitrary. their projects remain ahead of ours, but there should come a time when ours is sufficiently advanced [?pfs, ?dfs] to start move to 40-60% mcap of the asx peer group leaders, imho.

we're starting from a long way back as highlighted by a research note on gxy in the spring. extracts/links to it should still be on this bb.

[myst1] 04/10/2016 10:41

Interesting wrtmf;

But why use 25% of their average?

[wrtmf] 04/10/2016 10:34

bear in mind also i've chosen the respective mcaps at the lower ranges,

pilbara reached mcap 1bn at share price 87c early may, currently 48c
galaxy reached mcap 1bn at share price 58c early jun, currently 36c

that makes the 66p calc an underestimate.

[dvsfm] 04/10/2016 09:56

nice for starters, there have been various comments/reports stating that we are undervalued compared to peers by a factor of ten in some instances, probably less now but still many multiples. as news arrives that discount will close

[wrtmf] 04/10/2016 09:42

...rerated by time of/shortly after pfs early in new year.

galaxy 583m ausd mcap
pilbara 535m ausd mcap

if we only got to 25% of their average [560m], that would still give us a share price of 140m/[121+5+2]m = 1.10 ausd/share

1.10ausd = 66p

[bearing in mind the 25% is arbitrary!]

[wrtmf] 04/10/2016 06:37

highest close on asx, 62c
current offer 63 [trying to kill the rise?]
current mid 56.5 [33.75p, ie caught up with london]

22mins to go

[wrtmf] 03/10/2016 20:16

[clearly a non-lithium system, but well done that man!]

[wrtmf] 03/10/2016 19:00

asx to atleast try and catch up tonight, if not overtake...

[nofool] 03/10/2016 09:16

Good to see you back posting here again someuwin. Always a positive sign for EMH.

Let's hope!

[someuwin] 03/10/2016 08:59

David Lenigas ‏@DavidLenigas · 32m32 minutes ago

Watch the value of #Cinovec #Lithium go up. #Tin prices back over $20,000. … @RareEMplc @keith_coughlan

[someuwin] 03/10/2016 08:59

David Lenigas ‏@DavidLenigas · 30m30 minutes ago

@RareEMplc @keith_coughlan Cinovec is one of the largest undeveloped Tin projects in the world today and Tin is back over $20,000 a tonne.

[someuwin] 03/10/2016 08:54

Very good!

[rafboy] 03/10/2016 08:50

Positive start to the week, good to see.

[wrtmf] 03/10/2016 06:08

well done keith...

more funds...

rem exercise options @20c and

'The placement will raise $2.6 million via the issue of 5 million CDI’s at an issue price of $0.52 per CDI. This is the closing price of the Company’s securities on ASX on Friday 30 September 2016 and represents a premium over both the 5 and 10 day volume weighted average price. The price represents an increase of almost 4 times the last capital raising which was undertaken at 13.5 cents in March 2016. The placement is subject to shareholder approval which will be sought at the Company’s AGM later this month.'

explains the trading bot suspicion on hotcopper/asx
rem hold 20.92%, creeping towards takeover threshold

now bring on the news we've been waiting for...

[wrtmf] 02/10/2016 09:47

come on keith, give us something tonight!

[would be rude not to] 30/9/2016 23:27

Nice candle today.

[wrtmf] 30/9/2016 18:10

2 administrative rns for emh, lol, no news on fridays!
nice intraday reversal.
looks good for a move ahead monday.
mon/tues will be 4weeks since last drill update [6sep].
there absolutely needs to be an update next week!

[myst1] 30/9/2016 10:02

GAP filled at 28.5p.

Courtesy of Kevez on LSE again:

'From today's RNS there is $3.5m in the bank.

Should be enough to see us through to PFS without any placings in 2016.

Thats $3.1m today, and undoubtedly $400k from REM for 2m options in a few weeks.

Following PFS in Q1 2017, I would expect some fund raising activity. Possibly a direct placement of shares to a single investor, to fund us through to FS Q1 2018'.

[myst1] 30/9/2016 09:53

BCN are now valued at £100m...nearly 3 x our Market Cap.

BCN have issued an RNS today re REM merger offer. REM value BCN at £120m. BCN have quite rightly turned this down!

Courtesy of Kevez over at LSE:

'However REM Value BCN and Sonora, which is the same size as Cinovec, at £120m. BCN obviously believe this is vastly undervalued and rightly so.
Although we own 100% of Cinovec, compared to BCN's stated 86%'.

'BCN are 12 months ahead of us with regards to PFS/FS. But EMH will be quicker to commence production follwing FS'

(It's interesting to note that BCN were valued nearly 3 x our market cap 12 months ago, before their PFS!).

'EMH MC £36m....... We are looking at a certain £1.00 share price in foreseeable future'. (we should be approaching that now!)

The REM/BCN merger talk is highly significant. This will open the floodgates for further offers throughout the junior lithium sector, in particular BCN, EMH, MMS etc.

The merger talks have more or less valued(undervalued) us overnight at a premium to £120m in 12 months time.
Mexico V Central Europe, location location location. Compare the Geopolitics'.