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EMH European Metals Holdings Limited

13.20
0.45 (3.53%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
European Metals Holdings Limited 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
  0.45 3.53% 13.20 13.00 13.50 13.25 12.75 12.75 1,186,170 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 1.12M -5.93M -0.0286 -5.24 31.1M
European Metals Holdings Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker EMH. The last closing price for European Metals was 12.75p. Over the last year, European Metals shares have traded in a share price range of 11.75p to 49.00p.

European Metals currently has 207,324,705 shares in issue. The market capitalisation of European Metals is £31.10 million. European Metals has a price to earnings ratio (PE ratio) of -5.24.

European Metals Share Discussion Threads

Showing 2826 to 2846 of 4550 messages
Chat Pages: Latest  122  121  120  119  118  117  116  115  114  113  112  111  Older
DateSubjectAuthorDiscuss
20/4/2017
15:38
Isn't it a whole lot simpler than this? The plain fact is that Keith Coughlan has utterly ballsed this up; first with his mischievous but unfounded hints about BMW/Daimler/VW; and then by setting completely idiotic parameters for the PFS. (E.g.: why base it on only 9.9% of the entire resource, etc.). Perhaps the first order of business should be his removal and replacement with a more experienced and competent CEO. I can't see him taking this project forward any further.
bookwormrobert
20/4/2017
15:28
I think they'll try to mimic BCN (Hanwa) and get some offtake partners on board THEN seek finance.I don't think the private punters are going to cough up the necessary readies to build a mine,the canteen perhaps, but not the mine.
steeplejack
20/4/2017
15:28
I'm hoping they're not planning it Herschel. (If they were, they perhaps could have announced it at around 60p at the same time as a more upbeat/clear PFS and been quids in). Either way, now everyone thinks there will be one and have sold up in anticipation of better prices later. Seems the whole things's been badly handled from an amateur PI's perspective and a company fundraising perspective. Let's hope I'm proved wrong. But then someone on here did ask '....and what happens after the PFS?' a question I should have heeded and largely sold out *before* it when those BMW rumours were priced in. Ah, you live and learn...
runthejoules
20/4/2017
15:07
I'll reiterate something I said yesterday...........even though they may well do one, why are people ASSUMING they will undertake a placing to fund the mine development, when debt finance is just as viable a route?

(or a combination of the two?)

H

herschel k
20/4/2017
15:06
A placing at 40p would be a slap in the face to long-term supporters of this company who've held on and not taken profits at 80+p. Total manipulation of the little guy. Ok, I know the stock market's a pit of snakes, but you'd like to think a company would want to retain their private share-holder's trust. Rant over.
runthejoules
20/4/2017
13:54
Read your comments Myst on that other site and see what you're saying but if that's the case KC might of liked to have clarified things in his Proactive video presentation.Some analysts are muttering that they wanted to see an estimated internal rate of return of 25% rather than the 21% given in the PFI.

As for a fund raising.Perhaps a placing's is in the offing or perhaps the price is being orchestrated down so an offtake partner can get a slug of equity at a 'reasonable' price,nearer to the average price pertaining over the last six months.Just a thought.If that occurred of course,we'd bounce sharply.

steeplejack
20/4/2017
13:43
See comments below from another site in answer to my observation regarding the revenue credit that the PFS reports on the tin:

'It looks like they are targeting the high grade lithium ore from the PFS near the border. If you have a look on the resource map it shows the Sn and W mineralisation at the other end near the hill, presumably more towards where the plant will be. So therefore higher Li grades, lower Sn/W grades for this part'.

'This is interesting then - so the PFS went for a high grade lithium part of the mine, but because of this the cost was less supported by tin credits, so balanced costs look higher than the overall costs for realising the total mine area will be. Is that about right'?

'It will probably balance out because as you move into the resource and to lower grade Li ore, the throughput would need to increase to get the same LCE output. This would potentially lead to higher mining costs, but then potentially balanced out by increased Sn/W credits. imho dyor'

myst1
20/4/2017
13:40
Has a feeling of a placing going on perhaps at 40p?
cpap man
20/4/2017
13:39
Probably is oversold.Yet there's a lot of volume associated with the two day declines.I suppose the fact that the estimated internal rate of return of Cinovec project has been trimmed in the PFI has much to do with the falls but the magnitude of the correction looks disproportionate.I haven't sold any EMH but I was tempted when posts started appearing on BBs drawing attention to all sorts of lithium producers from here to Noddy land .Suggested the lithium carbonate sector was getting frothy and I think EMH in that context (as spectacular performer) has felt the full backlash of a rather "sobering"PFI report.Still if you look at BCN,it's remained solid this week.Shows what an offtake agreement does for you.The parallel between the past price moves of BCN over recent years and what's happening to EMH remain striking.It makes me think that EMH will tick back up in due course .......albeit I'm not sure how long "due course" is.
steeplejack
20/4/2017
13:16
Surely this is inn way oversold territory with yesterday's fall and today's.....topped up again..
luisfrg
20/4/2017
13:02
Long term holders should be fine with this dip... I certainly am. I also bought in at 35p runthejoules and I'm quite happy just to let it run.
shrout
20/4/2017
09:45
I do hope that KDNC has taken this opportunity to increase its stake in EMH while the share price is lower levels.
Unless they are waiting to pick up shares on the next big cash call?
Who knows? all i know is only great news to follow on EMH/KDNC/BNC.

fqr714bhp
20/4/2017
09:39
There is no reason I can see why the share price won't recover and be back at previous highs. May take a few weeks or an off take agreement being announced but I believe it will happen. I have added this morning and will add further when funds allow. Just my personal view.
rafboy
20/4/2017
09:38
Ditto! Long drop down to 40p support level 💧!!!Nooooooooo
luisfrg
20/4/2017
08:43
Hutch_Pod19 Apr '17 - 22:55 - 841 of 847 1 0
Myst1

Yes I was not 100% sure this is was a like for like comparison of net cost per lithium carbonate tonne.

So in the investor deck it gives annual opex of $125m. If you net out the tin and tungsten revenues you get $30.2m. Across 19.4kt of lithium carbonate gives approx $1500/tonne, ie net of by product credits.

Today we were quoted $3483/tonne, net of by product credits. The gap seems too big.
--------------------------------------------------------------------------------------

Whilst comparing the investor deck which gives figures from the scoping study, all opex and revenues are similar if not better in this PFS.

The difference lies in the revenue credit that the PFS reports on the tin. The PFS only reports a credit of $29m pa for tin instead of the $94m pa in the scoping study. Both studies assume the same price of tin of $22500t, so the difference is in the production pa. The scoping study assumed 4200tn annual production of tin which gave the overall cost of $1500/tonne. Based on the revenue credits given for the tin in the PFS they are only assuming a production of 1300tns - ( Although I can't find this figure in the PFS). This obviously makes the differnce in the overall cost / tonne as you are not getting the same level of credit.

Comments would be appreciated.

myst1
20/4/2017
08:23
I really wish I'd sold more at 84. No matter how good the prospect, still too much hot money in it... only thing to do is if you can't beat em, join em...
runthejoules
20/4/2017
08:01
Tree shake 🌲 down 6%
luisfrg
20/4/2017
05:34
Yes thanks jovi1. I'm well aware of that is still a few years away Just shows the potential
dvsfm
20/4/2017
05:16
Not much of a bounce in ASX 1.04 = 61p
Is

luisfrg
19/4/2017
23:40
dvsfm

135m is in at least 2,3 year time in the main time I suspect we will need about 400mill to get to the production time investor know that and waiting for an opportunity to buy for placement more that open market
another reason for the fall is that all the people buying in the view of the news now they had and t 10 and t 20 got cot out and had to sell
do I think anyone buying today will make very good money in few year maybe sooner if a partner show up.... yes no doubt

good luck

jovi1
19/4/2017
23:05
ASX about to open 1.10 = 64.5p.......let's see if open above or below this!
luisfrg
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