European Metals Share Discussion Threads

[steeplejack] 21/4/2017 09:26

Tanawa,the Australian lithium producer has been suspended awaiting offtake agreement news.Courtesy of Allan1942 on LSE.Keith Coughlan To Allan Today at 6:03Thank you, Allan – I appreciate your email.Yes. I'm very disappointed with the reaction.We are very happy with where the project sits and what the future holds.Working hard now to try to restore some confidence and therefore share price.Kind regardsKeithKeith Coughlan | Managing Director | European Metals Holdings Ltd | www.europeanmet.comSuite 12, Level 1, 11 Ventnor Avenue, West Perth, WA 6005, AustraliaTelephone: [phone] | Mobile: [phone]

[runthejoules] 21/4/2017 09:07

Indeed Diesel. Total pump & dump, in the short term anyway. Not selling at 84: perhaps the fourth-worst investment decision I have ever made. But I think selling out now would replace it...

[rafboy] 21/4/2017 09:03

May be time to start buying as we still have everything in place to produce in a year or so. Fall is well overdone in my view and I am sure EMH will be working hard to obtain off take agreements etc. Not nice to see the drop but if you are a long termer you should do well. Just my personal view.

[diesel] 21/4/2017 08:46

Are we going to return to the trend channel? Still holding these from the mid 30's, judging by today's slow start maybe the hot money has been and gone...

[bountyhunter] 21/4/2017 08:43

holding on here for a bounceback :)
also recent small punt on SML doing well (small cap, cash generative, cobalt interest)

[luisfrg] 21/4/2017 08:32

Cant get a quote from Barclays stockbrokers

[runthejoules] 21/4/2017 07:48

IG is saying up 1.82% premarket. Tempted to stick a bit more in to get some money back. Mustn't forget to sell the spikes this time!

[luisfrg] 21/4/2017 07:40

Better inn ASX, down but not nearly as much as UK.....99.5p = 58.5p
Finally an UP day

[myst1] 21/4/2017 06:55

Big question for me HP.

Wonder if anyone else can shed any light on this?

The tin hasn't disappeared!

IMO the figures in this PFS are extremely conservative, but still probably the lowest non brine cost producer in the world based on them.

[hutch_pod] 20/4/2017 23:00

Myst1 That is an impressive dig into the detail. Yes as far as I can tell, the spike in net operating cost / LCE tonne is due to the much lower tin production. It is confusing though - as you say, the overall opex figure is lower than before. So if the tin production level were maintained, the net operating cost / LCE tonne would be even lower than the original $1500. I can't find any reference to why the tin output was cut so..HP

[glenkaz] 20/4/2017 22:59

Hi all! I bought in at 12p last year sold at 20p derrrr! However been watching and thinking why I sold! Don't know why suppose got bored! Loads here have made a mint! Robin Hood for one! It's all about timing on aim don't jump on a share that's multibagged! Most get hurt! I am one! But I look back at 5p and seen this rise to 80p what a cracker! Not here to slag or give advice! Gla! 🤒

[luisfrg] 20/4/2017 22:18

Im sure WE will, I too never pick the right moment to take a profit!let's hope for some stability on the ASX 0.94 =55.2p is roughly where we closed today....we will see in a bit ...recovery time surely after 2 days of big losses....

[runthejoules] 20/4/2017 21:27

I don't know about faith, but I have patience. I've mastered the not-selling-low bit, just not the taking profits high bit yet... hopefully I will get another chance.

[luisfrg] 20/4/2017 17:56

Have faith this will come good.."..hopefully starting tomorrow.....

[bookwormrobert] 20/4/2017 16:38

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.

[steeplejack] 20/4/2017 16:28

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.

[runthejoules] 20/4/2017 16:28

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...

[herschel k] 20/4/2017 16:07

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

[runthejoules] 20/4/2017 16:06

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.

[steeplejack] 20/4/2017 14:54

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.

[myst1] 20/4/2017 14:43

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'