A normal progression for European Lithium EUR as under Austrian Law EUR will be required to meet Austrian requirements for Austrian Governmental Cash Grants, European Union Cash Grants, European Union Tax Benefits, high tariffs on foreign Lithium, and all the special business deals offered for companies that operate in and are owned by European Union State Members. Basically this means that all the unfair European Union laws and benefits that are available to companies in the Union will apply to EUR. Right now EUR is just a company located in Aussieland and out of the EU loop of protections and benefits offered to EU Members.
Deals like no payment of state and local taxes for a fixed number of years, free use of land to expand, tax free cash grants that do not need to be paid back and all the other unfair tax benefits that the European Union uses to gain market control from other countries. And of course exactly what the donald.trump is working against right now for America. High tariffs for other countries to increase the value of Lithium Ore produced in Europe. All in a days work for the movers and shakers in the EU.
But what the hey, early movers will make their fortunes in EUR because of this if and when it happens. Mark my words, just as soon as the ink is dry for the merger, there will be a mass output of announcements of "Very Positive News" regarding EUR funding grants, tax benefits, and deep pocket investors. This is just how the European Union functions folks.
I have been waiting for this news for the last 12 months now. Good luck on your investing. EYE B ready! R U Ready?
European Lithium wants to go public on Wiener Börse «DiePresse.com
August 16, 2018 Business 1 Views
The Australian company European Lithium, which wants to mine lithium on the Koralm in the south of Austria, is looking for investors. The conversion into a corporation (AG) and a listing in the official trade at the Viennese stock exchange are planned, it was said in a transmission on Thursday. Since October 2017, European Lithium is already listed on the Third Market of the Vienna Stock Exchange. Official trading on the Vienna Stock Exchange has the strictest conditions for admission and publicity. The Third Market is an unregulated market.
The European Lithium headquarters are also to be relocated to the Carinthian district town of Wolfsberg. Corporate lawyers would work on a merger of the parent company in Perth and the Austrian company, it said. On Thursday there was a local inspection in Lavanttal, in which also representatives of the Vienna Stock Exchange, Austrian banks and law firms participated, as well as the members of the future supervisory board of the AG.
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