EM2 Chart, page-81

My chart is telling me this is going lower, 10c is broken and will need to find a new level of support. But unfortunately as time has shown, there is no support for this stock or its project, they have fluffed around for 2 years and done little in that period. They've failed to raise in better market conditions and at higher prices, and until they address this elephant now dominating the room, they will continue the slide. Unless by some miracle we can push through 15c, but given the performance over the past few years, many will race for the exits with any price spike.

In 2 years they have not significantly expanded the resource and have refurbished the mines underground infrastructure, with the latter being the most significant. There is still no clear pathway to folding or resuming production, so the market assumes a fold.