Perhaps people fear the effects of massive cash payments that are still to be made to that shadowy company Cerium, and the dilution that will take place when millions of EPM shares are still to be handed over to Cerium.
Have a look at the details of the contract announced by EPM to the ASX on 14th January 2021. It made my hair stand on end.
Note that Cerium is already EPM's largest shareholder at 14.68%.
https://www.marketindex.com.au/asx/epm
The new EPM shares that are due to be handed over to Cerium make it seem inescapable that Cerium will be over the ASX 20% limit, and therefore be forced to make a takeover bid for EPM. Who knows whether Cerium will be generous to EPM shareholders.
Ann: Ivittuut Bulk Sample Analysis Returns 99.9% Silica Result, page-17
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