$VUL seemed like such an uncertain and shady project in 2021 but at least now they have a facility, financing and most importantly, they are communicating with shareholders and the authorities.
2021-2022 was the perfect timing to push this project and go ahead, ride the lithium prices and get s**t done. Instead KC did very little and if that wasn't enough, Babis (former Czech PM) transformed the project into a political battle with another party.
Meanwhile, the Chinese worked hard, secured cheap lithium from Africa, built facilities and now they are flooding the market with cheap batteries, cheap chemicals and even cheap EVs. Which are surprisingly not bad.
I have no idea what would have to happen for these stocks (such as EMH, EUR...) to recover. Perhaps put 200 % EU tarifs on all lithium-related Chinese products. That is the only thing Europe can do, otherwise everyone is completely clueless. This is not only problem of $EMH, the entire EU automotive sector - Volkswagen, Stellantis, BMW - is in big trouble.
Just forget about Europe, visit it for a holiday to Ibiza, watch the stock market and economy decline and invest in the US or China.
EMH Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
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