Yes, these are rates of disappointment due to the delay in the PFS.It is curious, because the delay serves to improve the future PFS:
The E25 team believes these optimizations are critical to maximizing the economics of the HPMSM facility and have decided to consider the changes with the aim of incorporating them into the Pre-Feasibility Study (PFS) that will demonstrate the commercial potential of the Plant is supposed to demonstrate.
But the market and short-term oriented investors just don't like delays and therefore the price drop.But I suspect / hope that at least the scoping study will be published by the end of the year! Tomorrow first the quarterly figures and then read what you can read between the lines!
E25 Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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(20min delay)