European Metals Share Discussion Threads

[ahbroad] 09/5/2019 08:23

no point responding to people like this. Thankfully on filter from way back, so no need to read the bile being spewed out.

[emhaigh1] 08/5/2019 16:53

Jak. This was posted on lse at 15:47 today - "Reading on ADVFN that EMH will run out of money in around 5 months and someone called Jaknife talking about EMH being insolvent in 5 months and warning to sell????? Is this share ever going to get moving and should i/we disregard what Jaknife is saying?????????????"

That shows how irresponsible posting can spread unfounded fear and concern among less savvy investors. It's not right.

Fortunately it was quickly responded to in a suitable way, but .....

[emhaigh1] 08/5/2019 15:56

Jak. It started with your post 1852 - "They need to get something under the share price for the next placing." I didn't disagree with that but pointed out five months cash in hand with updated PFS due soon. I believe that that RNS will have a positive and sustainable share price impact. It's two years since EMH was independently valued. Cinovec and the lithium market have matured significantly since then. It's due a re-rate, if you like, and that would deserve to be reflected in the share price

Post 1854 - "Insolvent in five months but if they can stick some skanky news story out there then they might be able to spike the share price first ..." was what I found unfairly inflammatory and alarmist. I may have missed any intended irony but you still seem to be suggesting that EMH could "ramp" the share price to get a placing away. Again, I find that unacceptable. Some CEOs do slip porkies into releases but KC doesn't play those games, imo, and ASX rules and sanctions are far more stringent than AIM. I don't think there'll be anything "artificial" about the expected RNS.

I've been expensively skanked by dodgy CEOs on AIM through 'hopeful' announcements (haven't we all?) but I now place far more importance on the man's proven conservative reporting style rather than any 'highly accretive' expectations. Call me picky if you like but to be factually correct I think we should simply agree that "At the end of the quarter EMH had A$1.3m cash in hand." So yes, in the absence of any major funding announcement I expect there to be a placing at some point over the next quarter but it won't be a 'keep the lights on' placing as some may have interpreted your phraseology.

Expressed opinions while we await news is often what these boards are about and you've been around long enough to appreciate that. We've both known downbeat opinions to be expressed purely for personal advantage, just as we've seen overly upbeat ones. I try to keep mine fair and realistic at all times. No offence meant at all, just saying it as I see it. ATB and BTW, - are you invested?

[emhaigh1] 03/5/2019 14:32

Are you for real?

[emhaigh1] 03/5/2019 12:40

Forecast spend for this quarter is A$795k so enough cash for five months at that burn rate. Not saying there won't be a raise but not as urgent as your post implies, imo. Good solid PFS news should give us a sustainable uplift rather than a rumour based spike like we've seen at BCN but the real catalyst will be something positive from the Czech gov. Havlicek has appointed the boss of Czech Invest and someone from the Finance Ministry as his deputies. "Havlicek had earlier announced he would be replacing the previous political appointees in the positions – Alexandra Rudyšarova and Ivan Pilny (ANO), with experts." Maybe that's a good sign.

[luisfrg] 11/4/2019 08:23

Up 8% on ASX overnight....

ASX...up 8%Today 07:35

0.40 _ 0.405

21.75p _ 22.15p

Gla

[emhaigh1] 10/4/2019 17:32

A lot happening right now. Check the recent RNS's for hydroxide success.

The broker note initiating coverage and referred to above was from W H Ireland, EMH's joint broker, and issued on 11th March. hxxps://www.europeanmet.com/wp-content/uploads/2019/03/FN-EMH-110319.pdf "Our simple DCF model (suitably risked for stage) provides for a fair value of 78p/sh".

A summary of recent news comes from Shard Capital. hxxps://www.europeanmet.com/wp-content/uploads/2019/04/Shard-Capital-EMH-2-4-2019.pdf

An updated PFS with improved NPV and EBITDA valuations based on higher production of the more expensive hydroxide is due for completion in six weeks. It's a good time to be invested, imo, and any small cash raise would not be a problem in these circumstances.

[dbfromgb] 17/3/2019 18:09

Agreed nothing new and the cash position is expected given the nature of the company and the work it is doing on the dfs. The need for further serious capital funding is understood and as per could come from a variety of sources, with the preferred option I understand to be an off take partner. There is also the possibility of the company being bought out. A further small placing to get to completion of the dfs is possible, but needs to be seen in the context of completing the dfs and having a ready to go project. There is a broker note out (paid for so pinch of salt required) which at least sets out the context in some detail.

[luisfrg] 12/3/2019 15:52

So wheres this RN?

[luisfrg] 18/1/2019 08:32

ASX close 23p....now the catch up...

[madmonkflin] 17/1/2019 11:45

Well if they try to buy on open market then they'll be ripped off as why should anyone sell to them below 50p?

[dvsfm] 17/1/2019 10:27

There are a couple of standout points in the above

If they are intested in increasing their holding the only real option is to buy on the open market which should push the price higher

to list on other exchanges instead of AIM & ASX, why would shareholders want that when the vast majority are UK & AUS based ?

[dvsfm] 17/1/2019 10:24

from LSE credit to "fourprinces"

Krupa Global Investments Prepared to Significantly Increase Stake in European Metals Holdings with Conditions
The Prague-based investment firm has insisted the Australia-based mineral exploration and development company increase transparency and move its headquarters to the EU

PRAGUE, Jan. 17, 2019 -- Krupa Global Investments (“KGI”), one of the largest institutional shareholders in European Metals Holdings (“EMH”) has announced its intention to significantly increase its stake in the Perth-based mineral exploration and development pending the satisfaction of certain conditions including moving its headquarters from Perth, Australia to the EU and increasing transparency of its ownership structure. The announcement comes in the aftermath of an indicative offer by KGI made on January 15, 2019 expressing interest in acquiring EMH’s Czech subsidiary, GEOMET. GEOMET currently owns the exclusive mining rights to mine tin and lithium at the Cinovec mining site in the Krusne Hory Mountains in the Czech Republic. EMH management made a public announcement on January 16, 2019 stating that it was not currently interested in considering KGI’s indicative offer.
Considering the position of EMH management towards KGI’s offer, KGI is now calling on EMH public shareholders to approve its conditions.
1. To simplify and make more transparent the ownership structure of EMH Group.
2. To change its headquarters and domicile to the EU territory.
KGI has outlined the following reasons for its stated conditions for its demand that EMH move its headquarters and domicile.
1. Due to current political situation in Europe connected with Brexit and its negative impact, KGI believes that legal and economic issues and revised restrictions are possible if EMH remains headquartered in Australia and domiciled in the British Virgin Islands. Both Australia and the British Virgin Islands are bound by many rules of the UK controlled commonwealth which could, in KGI’s view, conflict with EU rules and complicate the firm’s significant EU operations.
2. Moving the headquarters to the European Union would, in KGI’s view, help EMH work more effectively with green energy friendly countries in Europe.
Furthermore, KGI has outlined the following reasons for its stated conditions for its demand that EMH increase transparency of ownership.
1. Changing the stock exchange listing from London and Australia to European Markets (for example, in Czech Republic, Austria, and Germany) would, in KGI’s view, help boost transparency and reliability for investors.
2. In KGI’s understanding, Czech government regulations require that the lithium mining company should be a transparent Czech entity with a proper ownership structure. KGI worries that failing to have such a structure can potentially complicate regulatory matters and slow the pace of development at Cinovec.

[jacksharp] 17/1/2019 07:18

https://twitter.com/billyDigiByte/status/1085797875429314560?s=19