EVM will not be buying a stake in any other companies in the foreseeable future, they have no money, or at least no money to spare. They will need all the money they can raise to build the La Paz solar tower.
Barrios is right, a forward business plan would be nice to see but I'm tipping that the company would consider that to be commercial in confidence and we will not be seeing one, just based on past behaviour being a reasonable indicator of future behaviour.
However, I do agree that it would be nice to know what Valentia knows to justify investing the dollars at a lot higher than current market price. Maybe they've done their own research...?
EVM Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held