European Metals Share Discussion Threads

[amrishbhim] 28/7/2020 10:40

Thanks for the information but I think you in the wrong board

[sharif1987] 28/7/2020 10:37

Market cap only 11million??? NSCI dyor should be nearer the £1 mark and thats me being conservative.!! Gla

[wilco1000] 28/7/2020 10:01

Completely agree, the more in vogue projects I was referring to were the zero emission extractions from Geothermal waters in the Upper Rhine valley in Germany which also has EU backing. The brine extractions in South America take a terrible environmental toll

[wilco1000] 28/7/2020 08:59

Huge news, today should be transformative for the company

[spawny100] 28/7/2020 07:07

Had a first little dabble here yesterday. Appears that could have been well timed?

[johncasey] 28/7/2020 06:37

happy days!

[wilco1000] 17/7/2020 14:28

Trouble is, although this is in Europe's heartland and close to so many car manufacturers, mining of hard rock Lithium deposits is still considered "dirty" because of the CO2 emissions from the extraction process and given the EU is leading the way globally with cutting emissions I'm not sure this company will be considered in vogue.

Having said that, as long as it gets funding its definitely undervalued and unloved. High risk undoubtedly

[sportbilly1976] 18/6/2020 21:47

Breakout on one of top 3-4 volume days over past 13 months too

[ishwar] 18/6/2020 09:05

Should recover to 20s now IMO, as price seems breaking out from recent highs

[sportbilly1976] 16/6/2020 07:07

Rns out re the permits issue ;)

[djfrankie2] 11/6/2020 22:21

It wasn't too many moons ago this share was rocketing to be fair for no reason other than largest lithium resource in Europe only problem it was still in the ground and nobody knew how much was in the ground now they have a good idea how much lithium is present then the Czechs came in and bullied EMH into basically handing over most of the company or no permits etc. .
I saw loads of serious investors run a mile 80p to 5p myself included because something was wrong it looked as though we could lose everything anyway today some kind of dodgy unofficial offer for the company looks like the Czechs want it for pennies 15 pennies cheeky offer the 80p previously mentioned is more like it

[sportbilly1976] 11/6/2020 13:43

way too low:

Shard Capital 30th March 2020

Fair Value 80p

Bags of value left. On a value basis, even after adjusting for minority, the deal looks accretive with reference to market cap and NPV metrics in our view. Our unfunded hydroxide scenario NPV is $661m, using higher capex assumptions than EMH. Retaining our 0.5x multiple and applying the 49% minority still kicks out an unfunded NAV of $169m (80p/sh) even before considering a reduction in the risk discount to reflect a project funded through to a construction decision. EMH is not short of value in Cinovec and the current Mkt cap remains unchallenging in our view. We will update our numbers in due course.

WHIreland 14th May 2020

Fair Value 84p/sh - Discounted to 63p/sh

The valuation in the future of any project at Cinovec generating $150-$200m of free cash flow every year would be significant.

We use a standard 10% discount rate in our fair value assessment, which is our WH Ireland standard for the mining sector - for ease of comparison across similar scale projects. However, this MIGHT NOT be appropriate for a project located in the European Union and for a project producing a strategically important product – and a product where we see support from EU and governmental levels.

[sportbilly1976] 11/6/2020 13:37

For immediate release

11 June 2020

EUROPEAN METALS HOLDINGS LIMITED

RESPONSE TO VOLUNTARY TER OFFER

The Board of European Metals Holdings Limited ("European Metals", "EMH" or "the Company") (ASX & AIM: EMH) has been informed today that Krupa Global Investments a.s. ("Krupa"), together with České Lithium a.s ("Czech Lithium") and partners, has purportedly made a voluntary tender offer to all shareholders in EMH for the acquisition of 29.9% of their shares at a price of 15.5p (or AUD$0.283) per share in cash. EMH has been informed by Krupa that it has made its tender offer announcement through certain media outlets, but so far as EMH is aware, Krupa has not made any announcement through a regulated information service such as RNS, nor to ASX, nor has it published any tender offer document containing detailed terms and conditions. The purported tender offer has been made unilaterally by Krupa and its associates and without prior consultation with EMH.

Shareholders are warned therefore, that before they take any action, they are recommended to seek their own financial advice immediately from an independent financial adviser who specialises in advising on shares or other securities and who is authorised under the Financial Services and Markets Act 2000 (as amended) ("FSMA") or, if not resident in the UK, from another appropriately authorised independent financial adviser in their own jurisdiction.

[livewireplus] 03/6/2020 10:19

Well at least you are back to breakeven on today's slight rise .... onwards and upwards :-)

[sportbilly1976] 04/5/2020 12:12

not one of my smarter buys currently on the latest rns at 14p...but will see how this unfolds

[johncasey] 30/4/2020 07:38

no water no point hxxps://watchers.news/2020/04/30/czech-republic-facing-catastrophic-drought-worst-in-500-years/

[sportbilly1976] 28/4/2020 11:12

SP Angel comment:

European Metal Holdings (EMH LN) 14.5p, Mkt Cap £20.9m – CEZ investment completed

• European Metals Holdings reports that it has received the €29.1m investment by one of Central and Eastern Europe’s largest power utilities, CEZ, to acquire a 51% interest in EMH’s wholly owned subsidiary, Geomet which owns the Cinovec lithium project in the Czech Republic
• As a result of the investment, which brings in a large scale investor 70% owned by the Czech Government, project work is to commence immediately.
• Expressing satisfaction at the completion of the transaction, Manging Director, Keith Coughlan, said that ʺWe have a very experienced team in place and will now commence the feasibility study and associated permitting processes. We believe that the battery and EV industries in the EU are set for significant growth."
• CEZ is described as ʺan established, integrated energy group with operations in a number of Central and Southeastern European countries and Turkey. CEZ's core business is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction. CEZ Group has 33,000 employees and annual revenue of approximately EUR 7.24 billionʺ.


Conclusion: The investment by a major Czech power company with strong links to the Czech Government provides the resources to advance the feasibility work and subsequent development of Cinovec which has the benefit of a European location close to potential large scale industrial purchasers of lithium carbonate and hydroxide.

[iamgreat1] 28/4/2020 10:51

Something doesn't appear to be right here

[sportbilly1976] 28/4/2020 09:21

15p a strong resistance level...

[tallprawn] 28/4/2020 08:31

Lovely update this morning - Let the re-rate begin.

[profit7] 25/4/2020 02:04

Emh - looking forward to next week
Monday scheduled signing, then boom
Weekend research to come.