Just so we’re clear, I have no interest in your other...

Just so we’re clear, I have no interest in your other investments. However, I am interested in your blatantly incorrect calls about EMH. You said in April you’d be buying the stock at 10c soon. So yes, you’ve been wrong. Very wrong.

I’ve been in this stock for a long time. I’ve done well out of it, and I’m expecting to do well from the rest of my holding. I haven’t loved the crap we’ve been through the past few years, and I haven’t loved some of the management decisions. But we’re now in a position where the sovereign risk has been dealt with and the project is funded through DFS. Yes, we had to give up 51% of the deposit to get there, but reading between the lines I don’t think we had a choice.

EMH is a long(ish) term play. Companies undertaking a DFS generally don’t experience significant spikes in SP. So talking about the SP cracking through $0.50 is completely pointless. I’m here for the $1+ price we’ll see if we have a positive outcome from the DFS, if we can secure off-take agreements and if things go well with the treatment process. All still big ifs. This is an unconventional lithium resource so there’s still a lot of uncertainty around it, and no doubt there’s lingering uncertainty around the sovereign risk issue.

If you want to make decent money here you’ll need patience. If you don’t have patience then you should look elsewhere.