European Metals Share Discussion Threads

[cpap man] 20/4/2017 14:40

Has a feeling of a placing going on perhaps at 40p?

[steeplejack] 20/4/2017 14:39

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.

[luisfrg] 20/4/2017 14:16

Surely this is inn way oversold territory with yesterday's fall and today's.....topped up again..

[shrout] 20/4/2017 14:02

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.

[fqr714bhp] 20/4/2017 10:45

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.

[rafboy] 20/4/2017 10:39

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.

[luisfrg] 20/4/2017 10:38

Ditto! Long drop down to 40p support level 💧!!!Nooooooooo

[myst1] 20/4/2017 09:43

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.
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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.

[runthejoules] 20/4/2017 09:23

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...

[luisfrg] 20/4/2017 09:01

Tree shake 🌲 down 6%

[dvsfm] 20/4/2017 06:34

Yes thanks jovi1. I'm well aware of that is still a few years away Just shows the potential

[luisfrg] 20/4/2017 06:16

Not much of a bounce in ASX 1.04 = 61p
Is

[jovi1] 20/4/2017 00:40

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

[luisfrg] 20/4/2017 00:05

ASX about to open 1.10 = 64.5p.......let's see if open above or below this!

[hutch_pod] 19/4/2017 22:55

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.HP

[dvsfm] 19/4/2017 20:48

So net cost of $3500 per tonne lithium sale price of $10000. Profit of $6500 per tonne. Production 20800 t per year 20800 x 6500 = 135,000,000 profit per year. Bonkers

[dssloan] 19/4/2017 18:21

Slightly disappointing that the bankable feasible study will be ready "about this time next year" (according to the Proactive Investor interview). I am sure I read that Keith previously mentioned that it would be carried out some time later in 2017.

[luisfrg] 19/4/2017 16:00

Agreed they wouldn't mislead the market, defo a topping up opportunity here, when tie ups are out these will soar

[diesel] 19/4/2017 15:44

On the 30th Mar they said this 'The Company notes the recent increase in its share price on ASX, AIM and the German bourses today and draws shareholders' attention to the article published in Automotive News Europe within the past 48 hours discussing BMW's plans with regards to securing lithium supplies in Europe.',now if there was no connection to EMH they would have said something like 'we have had no discussions etc etc', that statement was a clear signal that of what is going on, if and when it comes to fruition is another matter.

[bountyhunter] 19/4/2017 15:41

someuwin - any chance of adding the ASX:EMH chart into the header please?

[myst1] 19/4/2017 15:14

Hutch Pod - 19 Apr '17 - 08:46 - 817 of 835

'Surely there is disappointment on the operating cost - previously mentioned $1500/ton, now $3483'


I think the $1500/t you refer to is mentioned on page 9 of the report below.



However, this is for the cost of the Lithium process production.

The cost of $3483/t in the PFS is for the Net overall cost of production.

I'm convinced that this is one of the main reason for the fall today. The market is confused, when in reality the figures in the PFS confirm that we should have the worlds lowest cost hard rock producer of Lithium carbonate.

I have taken this opportunity to top up.

[bountyhunter] 19/4/2017 14:42

on the cobalt side re rechargeable battery mineral requirements the best play I could find on the AIM market is SML but clearly highly speculative at this stage so just a toe in the water there...


nai, dyor etc