LITHIUM Stocks fertile ground

[silu]

Thanks Joshuatree, I had EMH on my watchlist for a while now but haven't pulled the buy trigger yet. Definetely want to buy after the Drill Programme update and seeing that lately they seem to get some love of German tipsheets.

[silu]

Tipped my toes into EMH last week at 50 cents. Seemed like a crucial level of resistance which has now been broken.

[Joshuatree]

EMH up another 17.7% atp 60c on such a down day a 3.3 bagger. ORE knocked down with most others however.

[silu]

EMH up another 17.7% atp 60c on such a down day a 3.3 bagger. ORE knocked down with most others however.

Usually I don't talk investments with my Austrian friends as I have no real exposure to European markets but one has recommended EMH to me over the weekend. These pesky german tip sheets picking it up seems to have added some fuel to the fire. Talk about bucking the trend today.

[Joshuatree]

70c on the LSE.

[Joshuatree]

Link: www.lse.co.uk/member-info.asp?nick=arabanoo
"EMH- English translation of metis20 link"- Mon 12 Sep 2016 at 13:58

Highlights: "The value of the metal in the ground this colossal lithium deposit is thus up to 114 billion Euros. Potential takeover target of VW, Daimler and BMW. Already expected EMH is in the sights of auto giant VW, Daimler & BMW as well as the Battery manufacturer Samsung, LG and its A123 and could soon be a takeover target.
T/P 1.25 Euro re A$ 1.87 plus

[silu]

EMH announcement this morning
SIGNIFICANT CAPITAL SAVINGS IN REVIEWED SCOPING STUDY
European Metals Holdings Limited (European Metals) is pleased to announce a significant reduction of pre-production capital costs, based on a review of the scoping study. The review is being undertaken as part of the pre-feasibility study and has resulted in the identification of significant reductions to the previously-released capital expenditure estimations (CAPEX) for the Cinovec Lithium-Tin Project (Cinovec or Project).
Key Points:
• Project economics enhanced
• Significant reduction in CAPEX costs
• USD 38 million saving on mining CAPEX costs
• USD 47 million saving on lithium plant CAPEX costs
• Improved design and operating procedures based on independent studies and market benchmarks
• Savings, designs and operating procedures to be included in improved pre-feasibility study
European Metals CEO, Keith Coughlan said
“The current environment provides an exceptional opportunity for European Metals with low capital costs and increasing prices and demand for lithium carbonate. Cinovec is currently the largest lithium deposit in Europe and conveniently located in close proximity to multiple end-users. Enhanced economics are making the project even more attractive.
“The reduced capital requirements that we have achieved improve the project economics and shorten the payback period. This assists greatly in attracting development finance.
“We will continue to report on improvements to aspects of the pre-feasibility study. Metallurgical testing and test work on the front end of the proposed process route are progressing with positive results that we expect to announce shortly.
“We are very pleased with the progress on all facets of the pre-feasibility study currently being completed on Cinovec. Significant improvements are evident in all aspects and will result in further enhancments to project economics.”

[NeverQuestion]

Anyone Taking a serious look at ASX:LIT?

"Lithium Australia recently commenced pilot testing of its 100% owned lithium extraction process, Sileach™, at the ANSTO Minerals facility in New South Wales.

The first test will consist of a 24 hour commissioning run of the circuit.

The results will then be examined prior to commencing continuous operations in about two weeks.

Pilot testing will lead to a decision being made to proceed with construction of a larger-scale pilot plant, for which Port Hedland is currently the preferred location.

Lithium Australia recently won its second grant, this time from the federal government to support the commercialisation of its Sileach™ process."

http://www.proactiveinvestors.com.au/companies/news/70937/lithium-australia-nl-prepares-to-spin-out-graphite-assets-in-western-australia-70937.html

[Joshuatree]

Re 6 down and 6 up atm
Originally Posted by Joshuatree
Originally Posted by Joshuatree
Update on share prices ; haven't looked for dilution etc
12/4/16 26/5/16 7/6/16 , 30/6/16 11/08/16 7/10/16


LIT 25.7c 21.8c 24c ,27c, 24c,19.5c
LRS 0.6c 1c 1.3c Schumacher pick ,1.7c, 1.4c
AGY 1.3c 3.7c 3.8c, 3.5c Brines next to ORE ,2.1c,2.6c
EMH 25c 25c 37.5c ,47c,31c,55,5c
NMT 45.5c 43c 46.5c,45.5c,38c ,34c
GXY 36c 39.5c ,T/H today pending acquisition of GMM. Now 50c,40.5c,33.5c
ADV 4.1c 3.9c 3.8c,2.7c,2.1c,2.6c
PIO 1.4c 3.5c 3.6c ,3.4c,2.4c, 2.1c
GMM 56c 61.5c T/H today see above 75c, 78.5c,71c, now WLC .009c
PLP 1.7c 2.3c 2.4c ,1.6c,1.5c,1.8c
ORE $3.20 $4.17 $4.63, $4.73, $4.24, $3.32
CXO3.8c, 13.5c

[JBmurc]

As a result, there will be continuing pressure to find less polluting ways to power vehicles. Fuel cells, which employ a platinum catalyst to combine hydrogen and oxygen, are likely to become one of the chosen technologies, especially for large vehicles that must be able to travel long distances, he argued.
“This is seriously important to the precious-metals business,” he said. A typical fuel-cell-powered car might use an ounce of platinum.
The next generation of cars such as the Tesla Model 3 will also require large amounts of copper because of the metal’s use in high-efficiency induction motors, he predicted.
However, many of the new cars will no longer need rare earths, a group of elements used in many consumer electronics, he stressed.
Chinese suppliers have dominated the production of rare earths in recent years and have been accused of driving up prices, but “don’t worry about the Chinese squeezing our testicles,” he said. “We don’t need them any more.”
Neither, he said, will the world need as much lithium as many projections declare. “I think most lithium mines are also going to end in tears,” he predicted, as fuel cells prove to be superior to lithium ion batteries for many applications.

http://www.theglobeandmail.com/repo....ticle32086630/