Not Gunna Be Enough Lithium, page-1613

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Chuxa

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05/10/23

10:52

Post #: 70184374
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Originally posted by Warren10: ↑

Agreed the lithium market is in a downtrend @Chuxa but that’s not a reason to intentionally hold off on hitting milestones that are already years behind where they should be.

Plenty of other similar stocks are ploughing forward in the same market. Whilst they aren’t getting the immediate leap forward in share price reaction, these stocks will bounce back quicker and higher than those who’ve not made publicly stated progress IMO.

There will always be headwinds, whether it’s political hurdles like the extended Babis saga, like waiting for EU policy or EIA, conflict on the continent, or Covid, or any other set of circumstances that aren’t known yet that aren’t ‘ideal’ for bringing news to the market.

EMH could be described as a scared turtle, unwilling to come out of its shell and continue its painfully slow crawl towards achievements like the DFS and FID.

Waiting for the perfect moment in the junior space is a flawed strategy IMO - that’s how we end up getting diluted at ridiculously low prices, which is becoming a possibility should Q4 not include multiple project updates.

Looking into next year, M&A could be a big feature of 2024 in this space and I’m happy for EMH to be first to get the ball rolling with being bought out by a serious player.

God help us if Keith wants to take EMH mining.
That’ll take decades.

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Oh I definitely do no imply that DFS & FID should be delayed to get better timing ;-). EMH is close to 4 years behind on its DFS release and there are no good excuses for that. They should release all of the committed deliverables as soon as they are available to the market, but unfrtunatelly it is always 'smoke and mirrors' with the elusive project deliverables.

If EMH gets a positive FID results ("yes") in the Q4, and then proceeds to pretend that it will take this project to mining - I am selling. Without any experience of mine construction, permitting, commissioning and operation it will be painfully slow and expensive. Shareholders have already been given a preview of how slow EMH is over the past 10 years - EMH has no chance of succeeding being a mine builder and operator.

EMH Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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