European Metals Share Discussion Threads

[telbap] 05/10/2017 08:12

Up 10%. No volume so must be some news in the offing as cannot be revaluation yet.......no cpr.

[goodgrief] 05/10/2017 08:07

On the move finally?

[matt123d] 05/10/2017 07:53

Up 14% in Aus

[myst1] 05/10/2017 07:48

Translated news article from yesterday:

'Europe brings together top companies for overtake surgery.

The cream of European industry goes to war against the Chinese domination in the development of lithium-ion batteries . Also two Belgian clappers, the chemical giant Solvay SOLB0.00% and the materials group Umicore UMI0.00% , putting their expertise.
Europe is hopelessly behind in the production of battery components in smartphones, laptops and electric cars. His share in global capacity is 2.5 percent, according to Bloomberg figures. The Chinese blow Europe away, with a market share of 55 percent.

Several European companies from both the car and battery industry have already announced initiatives to upgrade China. But because the European Commission is fearing shredding, she discusses Brussels with a bunch of European top companies next week, how they can join forces. There are several players in the battery chain, including the raw materials suppliers, the battery cell manufacturers and the customers. Europe wants to better match each other.'

So we are getting together with the best geologists, engineers, metallurgists and customers etc in Europe, to improve the recoveries and make the economics of Cinovec a bigger monster than it already is! All backed up by Europe and the Czech Government. Everybody working in the same direction to get the stuff out of the ground as quickly as possible!

[steeplejack] 04/10/2017 10:43

https://gopressmobility.be/2017/10/04/eu-rounds-industry-catch-battery-production/

[steeplejack] 04/10/2017 09:24

There's an article in today's FT talking about rumours that Galaxy will be doing a tie up with Panasonic which supples batteries to Tesla.Galaxy has replied that talks are "informal".Could be that the lithium miners are playing it fairly cool.

[wrtmf] 04/10/2017 07:38

still have a few of these. used to post here regularly in 2016, because i knew with the drilling, there would come an expanded resource. i used to regularly put up the comparative market cap of pilbara and galaxy [asx].

a few days ago pilbara made this announcement:



'CHINA’S GREAT WALL MOTOR COMPANY BACKS PILGANGOORA STAGE 2 EXPANSION WITH LANDMARK
OFF-TAKE, FUNDING DEAL AND EQUITY INVESTMENT

Binding terms for off-take agreement for 75,000tpa of Stage 2 production with ability to secure a further 75,000tpa on provision of Stage 2 debt funding, plus upfront A$28M equity subscription

• Binding terms sheet executed with Great Wall Motor Company and its wholly-owned subsidiary, Hong Kong-registered Billion Sunny Development Limited (“Great Wall”), one of China’s largest automotive manufacturers, for Stage 2 (5Mtpa) off-take from Pilbara’s flagship Pilgangoora Lithium-Tantalum Project in Western Australia.

• Off-take pricing is largely consistent with existing off-take agreements, using a market-linked price reference to Battery Grade Lithium Carbonate sold in China to determine spodumene pricing.

• Great Wall’s Stage 2 off-take to comprise 75,000tpa of chemical grade spodumene concentrate (SC6.0 basis) over an initial 5-year term, with the ability to extend for up to a further 10 years via two 5-year options.

• Under the agreed off-take terms, Great Wall has the ability to secure a further 75,000tpa of Stage 2 off-take, for a total off-take volume of 150,000tpa, by providing Pilbara with US$50 million of debt financing for its Stage 2 expansion either via a debt or off-take pre-payment facility.

• Together, the Great Wall and Jiangxi Ganfeng Lithium Co Ltd (“Ganfeng Lithium”) off-take arrangements will underpin the Stage 2 expansion of the Pilgangoora Project, while also providing an off-take-linked debt financing solution for a significant proportion of the Stage 2 capital requirements.

• Subscription Agreement also executed with Great Wall for an upfront A$28M equity investment in Pilbara Minerals with the proceeds to contribute towards completion of Stage 1 of the Pilgangoora Project and financing of the Stage 2 Definitive Feasibility Study (“Stage 2 DFS”).

• This equity subscription will be completed when the parties formalise the binding off-take terms and enter into a more comprehensive off-take agreement, which is to occur by no later than 30 October 2017, after which Great Wall will indirectly own approximately 3.5% of the current issued shares in Pilbara.

--
one day folks.

[1bonanza] 03/10/2017 10:53

Well that was a good opportunity to pick up some cheapie shares, GLA

[steeplejack] 03/10/2017 09:00

I don't think the MMs know what's going on anymore than the rest of us,so they widen to spread to protect themselves from the unexpected.These small AIM stocks,even one like EMH,aren't a priority for market making businesses.They'd rather cross a million Tesco and take a quarter of a penny turn.

[runthejoules] 03/10/2017 08:38

Again, a fall mainly due to massively widening spread. If I were a suspicious soul I'd say MMs want stale bulls out as more info comes in... hanging on...

[rafboy] 03/10/2017 08:16

A bit of panic selling this morning.

[telbap] 02/10/2017 16:41

Yep and a final investment decision....CPR report, several huge funding rasies......and.....ohh, yes about 350million to get it all started.....yes, not a lot.....really, is it?

[fqr714bhp] 02/10/2017 16:19

Great news, the start of great things to come.
Roll on Q4 2018.
All we need now is a buyer for our product.

[qackers] 02/10/2017 15:26

RNS
2 October 2017 For immediate release


EUROPEAN METALS HOLDINGS LIMITED

Memorandum of Understanding Signed with Czech Government


European Metals Holdings Limited ("European Metals" or "the Company") (ASX & AIM: EMH) is pleased to announce the signing of a Memorandum of Understanding ("MoU") with The Ministry of Industry and Trade of the Czech Republic regarding the development of the Cinovec Project.

The MoU was signed today in Usti nad Labem between the Minister of Industry and Trade, Jiri Havlicek and the Company, in the presence of the representatives of the Australian Embassy and Australian Trade and Investment Commission, 1st Deputy Governor of Usti Region Mr Martin Klika, president of the Tripartite of Usti Region, Mrs Gabriela Nekolova, Chairman of the Regional Bureau of Czechinvest Mrs Alena Hajkova, Chairman of the Regional Mining Bureau Mr Milos Matz, Mayor of the Town of Dubí Mr Petr Pipal and other guests.

HIGHLIGHTS

The MoU expresses mutual willingness to:

· work together to maximise downstream processing options within the Czech Republic;

· investigate suitable locations for processing facilities for the Cinovec Project to minimize impacts on the community and environment but maximize positive impacts on the economy and employment of persons of the area surrounding the Cinovec Project;

· co-operate to ensure all regulatory requirements are met, using best practices, and work together to ensure all permitting and regulatory issues are addressed in a timely manner;

· discuss and explore possibilities of future bilateral agreements between the Czech authorities and European Metals Holdings Limited concerning the framework of future cooperation in the sector of lithium, including the potential involvement of the Czech Government as an equity participant in European Metals Holdings Limited Cinovec Project.

· support and facilitate investment linked with these activities; and

· continue to co-operate with the Czech academic research bases with regards to ongoing research into the processing of lithium ores.


The MoU formally notes the Agreement between the Czech Republic and Australia on the Reciprocal Promotion and Protection of Investments, signed in 1993.

[jailbird] 29/9/2017 11:37

what results?

this is an annual report

[joshgroeny] 29/9/2017 11:33

Nobody commenting on results?

[bountyhunter] 28/9/2017 09:42

ok, my view is that I agree that as this is the original thread if monsty is still maintaining this thread (he/she has not posted on advfn for about a year and a half) then this is the thread we should all post on, if not then maybe the other thread has become more relevant given the more detailed header

[jailbird] 28/9/2017 09:08

BH,General comment on to all , not specifically to you :-)

[bountyhunter] 28/9/2017 08:53

some general background info about lithium production.

"NetworkNewsWire Editorial Coverage: Lithium stocks are on fire. Ignited by demand for lithium-ion batteries for mobile phones, laptops and electric vehicles, lithium stocks have soared since the beginning of last year. Surging demand and inadequate market supply are driving up price and intensifying the search for more lithium by major producers and junior miners..."

[bountyhunter] 28/9/2017 08:20

?? yes, which is why I posted on this EMH thread only!!
If you are not addressing me posting immediately after my post then you should make that clear.