European Metals Share Discussion Threads

[telbap] 16/4/2018 16:56

Flat line in the pm

[telbap] 28/3/2018 18:59

Unless they back this up with a farm in of some sort we will be back to 15p in 2 weeks.

[telbap] 27/3/2018 13:56

Mr. Market has finnaly had enough surveys and CPRs .......farm in deal or down we go again

[telbap] 27/3/2018 13:55

And back down again

[luisfrg] 20/3/2018 07:54

Up we go again....

[ged5] 06/3/2018 20:38

Thanks to Salvegrumio elsewhere. Some familiar names sharing their views. SAV, KOD BCN SQM, Lithium-X and Wealth minerals all represented. I'm sure others will find it interesting if not useful.

[telbap] 05/3/2018 15:17

No pool! That would be un-ethical and probably illegal.......no, hold, phew, this.is AIM, so it's regular practice!

[luxaeterna1] 05/3/2018 15:15

From recollection are ARCA Capital still purchasing on behalf of the Czech govt? The cynic in me wonders if the govt actions triggered an easy/cheap share purchase for Arca.

[telbap] 05/3/2018 14:12

No volume at all and we jump up 15%......lol

[hopperagain] 05/3/2018 10:17

Isn't it about time that Keith Coughlan, put his money where where his mouth is?

[telbap] 05/3/2018 08:40

And up we go again

[qackers] 02/3/2018 13:19

For balance, the complete RNS
European Metals Holdings Limited Response to Statement of Czech Minister
02/03/2018 8:04am
UK Regulatory (RNS & others)

Europe Met (LSE:EMH)
Intraday Stock Chart
Today : Friday 2 March 2018

Click Here for more Europe Met Charts.
TIDMEMH

RNS Number : 5089G

European Metals Holdings Limited

02 March 2018

For immediate release

2 March 2018

EUROPEAN METALS HOLDINGS LIMITED

RESPONSE TO STATEMENT OF CZECH MINISTER OF INDUSTRY AND TRADE

European Metals Holdings Limited ("European Metals" or "the Company") notes recent public statements by and correspondence it has received overnight from Mr Thomas Huner, Minister of Industry and Trade of the Czech Republic, purporting to terminate the Memorandum of Understanding dated 2 October 2017 between the Company and the Ministry of Industry and Trade (the "MoU").

The MoU outlines mutual willingness to explore downstream processing opportunities, Czech academic research into lithium processing, potential future co-operation and discussing and exploring possibilities of future agreements. All Company rights are derived from the current Czech legal system, notably the Geological and Mining Act, not the MoU. Any termination of the MoU would not in any way affect the exploration rights of the Company or the Company's tenure over its exploration permits and the Company continues to progress the project with ongoing metallurgical testwork, discussions with offtakers and preparations for feasibility drilling underway.

The Company remains entirely focused on working with all stakeholders, including the Minister of Industry of Trade and the Government of the Czech Republic, to successfully develop the Cinovec Project as a first-in-kind project that will pave the way for a successful lithium mining and processing industry in the Czech Republic. We look forward to meeting with the Minister in the near term to further these discussions.

ENQUIRIES:


European Metals Holdings Tel: [phone]
Limited 333
Keith Coughlan, Managing Email: [e-mail]
Director Tel: [phone]
Kiran Morzaria, Non-Executive 0647
Director Tel: [phone]
Julia Beckett, Company 2057
Secretary Email: [e-mail]
Beaumont Cornish (Nomad Tel: [phone]
& Broker) 3396
Michael Cornish Email: [e-mail]
Roland Cornish
Joint Broker Tel: [phone]
Damon Health 9950
Erik Woolgar
Shard Capital

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[jailbird] 02/3/2018 12:42

Game over hereThe Co is in trouble. Cash will dwindle away on delays as there is no Government support for this right now.Read how important the MOU was to progress the projectHIGHLIGHTSThe 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.

[pugugly] 02/3/2018 11:34

myst1: Thanks for that translation - Now I suppose it depends on how EMH proceeds under Czech law and how powerful the politician is who gave the answer, and whether any more glitches are thrown at us -

Would like to know more about the hurdles to be passed in this section

"how it decides under the Czech law and in our mining efficiency, let's say, not only in the exploration but in the subsequent extraction,"

[myst1] 02/3/2018 10:38

The following is the transcript from the discussions in Czech Parliament yesterday:



I take great assurance from the following extract ie last 2 paragraphs (supplementary question):

'we will get rid of that political part. And now I'm interested in what's going to happen, because lithium, if it is there, I need to start to benefit from it, so the Czech Republic can benefit from it and, of course, we would, as I say, some players on the market'

Answer Tomas Hiner: 'From the legal point of view, this company is currently conducting a lithium deposit survey. This case is absolutely not related to this memorandum because it deals with the cooperation in the field of extraction, processing and sale of this product, so the company continues to carry out the survey, evaluates the effectiveness of this potential mining and it is how it decides under the Czech law and in our mining efficiency, let's say, not only in the exploration but in the subsequent extraction, that is, the memorandum is not related to it at all.'

From what I read of that:

Question, now we have sorted the political situation, how are we going to get moving on this for the benefit of the CR and share holders?

Answer: the MoU has absolutely no affect on progress in accordance with the law and it's business as usual.

Note; this is no surprise that the Government want to deem the MoU invalid. They need to do this to 'save face' as they made such a big thing of it before the election and this helped them win the election.

It's been the cause of all the political posturing and that has caused the fall in the share price over the last few months.

The MoU isn't even legally binding and remember before we signed the damn thing the share price was circa 47p. It's been a'red herring' all along!

We can now move on and so can the Government. Remember it is in Govs interest for the whole industry to happen asap, to benefit the country. The Ministry of the Environment, in co-operation with the Ministry of Industry and Trade have recently stipulated the condition of maximum finalization of final products in the Czech Republic, to include processing, for private miners who have previously obtained permission to set exploration areas.

[wassapper] 02/3/2018 10:15

Time to get out even with a loss. This will suffer for a long time as Pug says. Try to make your money back elsewhere.

[dozey3] 02/3/2018 10:10

Savage market response is to be expected, and I thought the EU was an area of small political risk. WTHDIK. Question is whether to bale out now or back the co to negotiate their way through disfunctional if not corrupt politicians. Answers not on a postcard but posted here please.

[pugugly] 02/3/2018 08:20

Just what one would expect from a country that produced Robert Maxwell - They will interpret the rules as they wish not at they are written (imo)

Even if EMH win through in the end the share price will be under a cloud for a long time (imo)