Agree.This Gold Mining License seems like a distraction.EMP need...

Agree.

This Gold Mining License seems like a distraction.

EMP need fuinding. Initially for VIC/P47 Gas, now they need funding for Gold on top.

We know there is a CR coming, but IMO management are waiting (hoping) for the SP to increase beyond this 1.2 > 1.5c range. I'm guessing these gold licenses will be used as a catalyst to drive the SP, espcially as Gold is at ATHs.


Then we'll see a CR and hear news about the Gas.
But as mentioned - they'll need funding for these licenses also - what's going to trigger a SP increase to do a CR for these licenses? Chicken and Egg scenario here... I'd guess management would try to srtike a deal with the vendor to obtain the licenses but delay the payment?

@Istina - I doubt EMP are looking to sell off the Gas portion:
There was the slightly obscure video interview :https://youtu.be/RRBnRVvGVNM?si=F52cODL9S-zQ5Awz
Where Phil/Carl discuss what's the deal with these licenses. They clearly state Gas is still the primary focus of the company.

Just my speculation here, all IMO etc.