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.
EMP Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
