Superfund now a major shareholder of our lithium Investment

Investment Memo: EMH 2022

General: New major shareholder

Yesterday afternoon we noticed that our battery metals investment European Metals Holdings Ltd (ASX: EMH) welcomed a new substantial shareholder to its register.

United Super put out a “substantial shareholder notice” confirming that they now own 5.44% of the company.

On the second page of the notice we saw that a large part of the buying on market happened between the 4th of March and the 10th of June, purchasing a total of ~$7.9M in shares at an average price of $1.06 per share.

EMH is now trading well below that level at ~70.5c per share which tells us that institutional investors clearly see value in EMH shares even above the current trading price.