Ann: March Quarterly Report and Appendix 5b, page-36

Management weren't responsible for the general market sentiment that led to the SP boost up to $1.20. They didn't coerce anyone into buying the shares. Nor were they responsible for the abrupt halt on the free money being helicopter dropped into the economy, which has contributed to the reversal in sentiment.

You can't develop a mine with the share price being your leading indicator of company performance. A compliant JORC requires very specific drilling densities and exploration methodology. There's no amount of marketing or market boosting that can get around that. You can't stand on a stage and make sweeping motherhood statements about how the mine is going to be the best thing since sliced bread. EM2 is never going to be a meme stock.

You can only let the geology, combined with some engineering knowledge on proper mining sequencing and development, guide your decisions.

The simple fact is that at the moment capital is being held back from the market. You can get a zero risk return of approaching 5% now just by keeping your money in the bank. That means companies with dividend yield are king. EM2 is nowhere near issuing a dividend.