Share Name Share Symbol Market Type Share ISIN Share Description
Europe Met LSE:EMH London Ordinary Share VGG3191T1021 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.25p 27.50p 29.00p 28.25p 28.00p 28.25p 15,704 14:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -1.3 - 39.54

Europe Met Share Discussion Threads

Showing 3326 to 3347 of 3350 messages
Chat Pages: 134  133  132  131  130  129  128  127  126  125  124  123  Older
DateSubjectAuthorDiscuss
19/2/2018
09:58
FT article in 17/18th weekend issueContains article headed Lithium faces 5bn dollar test as supplier stake sale electrifies buyer interest.References the fact that the Canadian company PotashCorp which acquired a 32 percent stake in Chiles SQM some 20 years ago will now be forced to sell the stake as a condition of its merger with rival Agrium.'While only a handful of companies are likely to compete for the stake,the eventual price will be an important measure of how seriously the hype around electric cars is being taken'The stake is currently valued at around 4.7bn dollars.The price of lithium carbonate has more than doubled over the past two years to hit 14,500 dollars a tonne.However,according to consultancy Wood Mackenzie,if electric vehicles reach 5 percent of car and light truck globally by 2025 from their current level of 2 percent,lithium prices will fall to 6900 dollars a tonne by 2025.However,if that share,including plugin hybrids,climbs to 12 percent by 2025,lithium prices will remain at current levels and move towards a long term price of 13600 dollars a tonne,the consultancy forecasts.Wherever bidders end up sitting on the spectrum of forecasts,they will also be competing against a backdrop in which lithium prices have unleashed a surge in supply.Companies are hunting for the metal,including in Cornwall,Nevada,Mali and Australia,where there has been a rapid build up of production.As a result,some analysts who follow the industry forecast a surplus for the next few years,'Why would you buy a 5bn dollar stake in a resource that is geologically abundant',asks one investor.Ben Isaacson,an analyst at Scoia bank in Toronto,says SQMs share price reflects lithium prices well above the marginal costs of production which isnt realistic.The lithium price will fall to a long term average of between 8000-10000 dollars per tonne he forecasts.'Theres a clock ticking on this deal'he says ,'this should be bought at a discount ,this should not be bought at a premium.''Lithium is experiencing a far bigger demand shock',says says Howard Klein,a New York based partner at RK Equity which advise companies in the sector.The sale of the SQM stake will reveal just how valuable the world thinks that shock is.
steeplejack
13/2/2018
08:21
Written back May 2016 but the basic assumptions remain valid.Pricing will could come down to how much lithium processing capacity is created.Note the the Czech Republic doesn't appear as a producer (Serbia does) and the way the Czechs are behaving,it possibly never will.It certainly appears to be something of a race to make hay while the sun shines.
steeplejack
13/2/2018
07:55
duplicate post
pugugly
13/2/2018
07:54
Interesting article showing distribution and growth of resource - Could it be that there will soon be a glut of lithium production and a price crash ? https://www.bgr.bund.de/EN/Themen/Min_rohstoffe/Downloads/studie_Li_Ga.pdf?__blob=publicationFile&v=4 A bit dated but (imo) useful background
pugugly
12/2/2018
23:28
May wells another chance, methinks the games are not yet finished.
telbap
12/2/2018
18:38
Nice recovery shud of bought more at 24.5p bounced twice off that price in 3 days
luisfrg
12/2/2018
10:56
If we hit anything sub 20p i have 10k ready and waiting....wait and see
telbap
12/2/2018
09:36
No me neither, but i would be interested at 20p,or even less.
regandharry5
12/2/2018
08:22
Reggy.......20p looking immenent. It would appear we are going to have a rights issue to me. Cannot se any reason else why we are back to the low 20s and dropping.
telbap
06/2/2018
11:46
Topped up 25000
luisfrg
06/2/2018
08:21
Good time to reload I think...
frankie83
06/2/2018
07:42
Slightly better ON Asc....48.5 ÷16.89 = 28.45p
luisfrg
05/2/2018
09:38
On page 3 of yesterday's Sunday Times,there is an article about how the cash strapped Congo Republic intends to tax producers of cobalt."Glencore is facing a $250m hit from a looming windfall fax on cobalt-a key component of the rechargeable batteries that power electric car............The new fiscal regime is set to increase the royalty rate on cobalt from 2% to 10%.Miners are also facing a 50% levy on excess profits.This windfall tax would kick in as soon as a commodity rises 25% above the prise used to test the feasibility of a mine,"Glencore and Randgold will be the two worst hit by these measures that could be signed into law by the President Joseph Kabila this week.I'm sure these developments will be bought to Mr Babis's attention.The worry must be that the Czech Republic would like to entertain similar measures for EMH but who knows.The Congo is likely to prove the world leader in the production of cobalt and already the likes of Tesla and Apple etc are looking for alternative sources,and are working with producers in Canada and America to create new supply chains.I hope that Babis doesn't similarly encourage lithium customers to look outside the Czech Republc.Its a risk that is now being reflected in the EMH share price.
steeplejack
31/1/2018
17:18
https://www.novinky.cz/ekonomika/462097-memorandum-o-lithiu-je-neplatne-chceme-ho-zrusit-prohlasil-babis.html
techtrend
31/1/2018
16:27
And another one today......wtf....the future of transport and the share price is talking a real beating.
telbap
24/1/2018
13:04
Nice find Sam. Let's hope they seal the deal with our management as well as hungry government.
telbap
19/1/2018
16:41
Http://www.bloomberg.com/graphics/2017-lithium-battery-future/ Http://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/lithium-outlook/ I suppose it depends on who you listen to. The exciting thing about EMH however is its location right in heartland of Europes major car manufacturers.
myst1
19/1/2018
16:21
myst1, I go both long and short, I have no current position in EMH. But you would be right to think that I like shorting stocks where retail punters don't look at the facts. For example where retail punters believe the hype that a particular commodity is on short supply and ignore the facts that tell them otherwise. I'd happily go long on EMH if someone could convince me but claims of "Lithium is in short supply because of electric cars" are clearly untrue so you'll forgive me if I dismiss such comments. JakNife
jaknife
19/1/2018
16:05
Thanks for your insight JakNife. I see from your posting history it's a hobby of yours to put a dampener on most stocks. I'm bullish you are not. End of.
myst1
19/1/2018
15:37
myst1, Your post 1164 starts with a false premise: We all know that lithium has become a bit of a big deal. To the extent that it's a "bit of a big deal" it's only actually a big deal in the minds of various share rampers. There is plenty of existing supply as demonstreated by numerous studies, here's a recent one: Will metal supplies limit battery expansion? Rise of electric vehicles and grid storage may cause bottlenecks, but no showstoppers, analysis suggests. From: Http://news.mit.edu/2017/will-metal-supplies-limit-battery-expansion-1011 JakNife
jaknife
19/1/2018
15:13
My entry for the mining stocks to double this year on this site: I'll go for European Metals Holdings (EMH) Currently 36.75p Background: EMH controls the mineral exploration licenses awarded by the Czech State over the Cinovec Lithium/Tin Project. Cinovec is the largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource. The resource contains a combined 7.22 million tonnes Lithium Carbonate Equivalent and 278kt of tin. Cinovec is centrally located for European end-users and is well serviced by infrastructure, with a sealed road adjacent to the deposit, rail lines located 5 km north and 8 km south of the deposit and an active 22 kV transmission line running to the historic mine. As the deposit lies in an active mining region, it has strong community support. In October this year EMH signed a MoU with the Czech Government who understand the importance of the resource to the countries economy. See below: Http://www.europeanmet.com/wp-content/uploads/2017/10/20171002-AIM-2-October-2017-MOU-Signed-with-Czech.pdf Valuation: Ignoring the superior location and based on EV/ resource, compared to its peers EMH is undervalued by a factor of at least 10. See below comparison of companies worldwide including Africa: Http://hotcopper.com.au/threads/asx-lithium-price-comparison.3933074/?post_id=29883350#.Wki3IkrfWK0 And a comparison within Europe: Company - Location - JORC Resource Estimate (Mt) - LI2O grade% EMH - Cinovec, Czech Rep - 722mt - 0.50% Rio Tinto - Jadar, Serbia - 136mt - 1.3% Plymouth Minerals - San Jose, Spain - 25mt - 0.9% Novo Litio - Sepeda, Portugal - 10mt - 1.0% European Lithium - Carinthia, Austria - 6.3mt - 1.17% Keliber - Finland - 8mt @ 1.1% European Lithium: 75 m€ MCAP Europen Metals Holdings: 55 m€ MCAP Why is there such a valuation gap and thus an opportunity at these levels?: The Market doesn't understand the relatively low grade mica type deposit. However the PFS highlighted one of the lowest cost producers of battery grade lithium carbonate. Testworks have shown they can produce battery grade product with >99.5% pure lithium carbonate.” On this same issue I received an email from the MD a few weeks ago along the lines of the following: 'With regards to low grade and the mica – our cost of production number should allay anyone’s fears. Certainly, we are continuing to educate investors about the benefits of lithium micas and the pilot plant test work that will take place will confirm everything. ' Perhaps the main reason for the huge valuation gap is following the MoU in October and due to its importance, Cinovec was the subject of political posturing between politicians during the run in to the elections and this created uncertainty in the market. The new Government is now being formed and the new trade and industry minister will be in the position to endorse the MoU including a possible JV in the next few weeks during January. I believe this will act as a catalyst to propel the share price to a more reasonable level compared to its peers and I can see the share price multiples of todays, before the DFS at the end of 2018.
myst1
19/1/2018
15:10
Just as a reminder for those who think that the Government want to delay this: Http://www.parlamentnilisty.cz/zpravy/tiskovezpravy/Spolecnost-European-Metals-Holdings-Limited-poskytla-ceskym-uradum-pravni-analyzu-dokladajici-ze-je-australskym-podnikatelskym-subjektem-519493 In the Czech Republic, negotiations are continuing with the project partners to create a domestic integrated chain of Lithium production and processing, including communication with regional government partners. This means thousands of new jobs for the Czech Republic not only in the mining and processing of ores, but also in downstream high-tech industries. This will significantly support the employment and restructuring of the industry not only in the �st� region but also throughout the Czech Republic. At the same time there will be significant development of Czech science, research and education system. The goal of European Metals Holdings Limited is to create a complete chain of lithium production and processing in the Czech Republic, bringing thousands of new jobs not only in the mining and processing of ores, but also in the downstream high-tech industries, which will significantly support employment and industrial restructuring in the �st� region, but also throughout the Czech Republic. At the same time there will be significant development of Czech science, research and education system. Negotiations with partners take place according to plans, including communication with regional government partners. A similar lithium ore extraction project is currently being carried out on the German side of C�novka. The project in neighboring Germany implemented by the fully private Canadian-German consortium has significant support from the government and the region. Germany is aware of the economic and social benefits of lithium mining and processing, and the provincial government has supported this project from facilitating administrative operations to zero fees from mined minerals. The Arca Capital investment group is one of EMH's largest Czech shareholders, whose Czech subsidiary Geomet is conducting lithium mining exploration under C�novec and plans to carry out its mining and processing in the coming years. We consider the project to be real and perspective and our intention is to support it and develop it. We participate actively in the project, as part of the development of the project and the setting up of cooperation with other entities, communication with regional partners of the state administration also takes place from our side. At the same time we invite representatives of the Ministry of the Environment and the Ministry of Industry and Trade, including the state enterprise Diamo. The project will significantly support research and development not only in the region but throughout the Czech Republic, while promoting the education and employment of the qualified skilled labor, so it should
myst1
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