SMALL CAP IDEA: European Green 移行 is short 半端物s to be a success
As this article was written the week of Cheltenham Festival, a magnet for Irish racegoers, I looked at European Green 移行 (EGT) in the same way one might the form and lineage of a fancied Gold Cup entrant.
EGT's 産む／飼育するing could not be better. It is from the stable of Cathal Friel, the entrepreneur who helped build and sell Amryt Pharma for just shy of $1.5billion and who is 成し遂げるing the same 魔法 with hVIVO and Poolbeg Pharma, two 急速な／放蕩な-growing healthcare plays.
In Michael Nolan, EGT's other co-創立者, you have one of the guiding lights behind Cove Energy, the gas explorer, which grew from a £1million IPO valuation to be acquired for £1.2billion. Both men have experience in knitting together 苦しめるd 資産s to create real value.
The 生産／産物 of rare earths, used in 勝利，勝つd turbines, phones and car 殴打／砲列s, is 支配するd by 中国, a 超大国 not 特に 井戸／弁護士席 性質の／したい気がして to the West. So, finding sources of these minerals on the doorstep (地理学的に) is imperative
Experienced team
The same can also be said of CFO Jack Kelly 経由で his work with Raglan 資本／首都, while CEO Aiden Lavelle brings with him かなりの experience in the minerals and 採掘 部門, which will be 重要な to this 最新の 投機・賭ける.
Crucially, chairman Friel's team can 接近 基金s even in difficult times ? a rarity in the 現在の market.
Lavelle and Kelly will spearhead the EGT's buy-and-build 戦略. The 商売／仕事 already owns three 資産s, 含むing a 高度に 約束ing rare earths play in southern Sweden.
On 最高の，を越す of that it has a pipeline of 10 to 15 適切な時期s, Kelly told Proactive.
Broader remit
The 初めの 計画（する） had been to 焦点（を合わせる） on minerals 要求するd for the new green economy ? rare earths, 巡査, cobalt etc.
But then it became 明らかな that 制限するing the pipeline this way might 妨げる the EGT from capitalising on the broader base of 資産s that have been 暴露するd , such as 過程ing, tailings, solar and 勝利，勝つd 適切な時期s.
At the heart of EGT's 戦略 is a piece of 法律制定 that may have eluded many; it's called the European 批判的な Raw 構成要素s 行為／法令／行動する. It is designed to 演説（する）／住所 the challenges of 安全な・保証するing minerals used in the new circular economy.
For example, the 生産／産物 of rare earths, used in 勝利，勝つd turbines, phones and car 殴打／砲列s, is 支配するd by 中国, a 超大国 not 特に 井戸／弁護士席 性質の／したい気がして to the West. So, finding sources of these minerals on the doorstep (地理学的に) is imperative.
事実上, the 法律制定 治める／統治するs extraction, 過程ing, sourcing and 再生利用するing and 供給するs a 高度に supportive 枠組み for EU companies helping to support the 行為／法令／行動する.
需要・要求する 殺到するing
At the same time, the number of 可能性のある end 使用者s in Europe for 移行 metals such as lithium, cobalt and 巡査 has mushroomed, creating 需要・要求する for raw 構成要素s and 過程ing capacity.
The company's lead 資産 is the Olserum rare earths 場所／位置, which has been 指定するd a 事業／計画（する） of 国家の 利益／興味 by the Swedish 地質学の Society.
There is 可能性のある to '意味ありげに 規模' the 資源, which 現在／一般に stands at 4.5Mt at 0.6 per cent total rare earth 酸化物 in th e 示すd 部類 and 3.3Mt inferred at 0.63 per cent (with a 0.4 per cent 削減（する）-off).
Next year, EGT should have an updated JORC 見積（る） for the 場所／位置 同様に and start the 過程 to land a 25-year 開発／利用 許す.
It also owns Pajala, in the north of Sweden, which is 見込みのある for 巡査, cobalt and グラファイト／黒鉛. 一方／合間, its 事業／計画（する）s in Saxony, Germany, are host to a host of elements 含むing (but not 限られた／立憲的な to) lithium, rare earths and cobalt 同様に as tin, tungsten, lead and zinc.
財政上の 激しい 解除するing
The 計画（する） with the 現在の （製品，工事材料の）一回分 of 資産s is to get them each to a point where a partner can be brought in to carry out the 財政上の 激しい 解除するing and 複雑にするd 工学 要求するd to get a 地雷 into 生産／産物.
EGT would receive a 解放する／自由な carry through this 激しい 投資 段階 and 持続する a 少数，小数派 火刑／賭ける, CEO Lavelle said.
'Our 商売／仕事 model is to 前進する the 資産s and then tie up with a 鉱夫,' he 追加するd. 'It's not our 意向 to 現実に start 採掘 ourselves.'
Where it gets very 利益／興味ing is the array of 適切な時期s open to EGT against a 背景 of 激しく揺する-底（に届く） valuations and a dearth of cashed-up willing 買い手s.
可能性のある 的s 含む 資産s held by public companies 名簿（に載せる）／表（にあげる）d in Australia, Canada and the UK 同様に as 私的な 商売／仕事s.
There are two 資産 s under consideration; 過程ing 施設s, one of which has 生成するd meaningful 歳入s in the past.
Rare 専門的知識
The other 申し込む／申し出s 科学技術の 能力s, rare outside of 中国, and 現在のs a 戦略の 適切な時期 for EGT to differentiate itself.
Both 潜在的に 申し込む／申し出 exceptional value, によれば CFO Kelly. 'They also very much 落ちる into the 跡をつける 記録，記録的な／記録する of the team in that they are turnaround 状況／情勢s,' he 追加するd.
EGT has signalled its 意向 to float on AIM, and it is understood there has been no 不足 of 利益／興味 from 可能性のある 支援者s of this 最新の 投機・賭ける from the Cathal Friel stable.
Only time will tell whether the team's turnaround 専門的知識 will 後継する in the European energy 移行 部門 in the way it has in healthcare, oil and gas.
Having 熟考する／考慮するd the form, EGT is short 半端物s to be a success ? even if the 条件s aren't ideal.
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