EMH 5.13% 20.5¢ european metals holdings limited

Actually Borocay, correct me if I am wrong, but I think EMH...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,668 Posts.
    lightbulb Created with Sketch. 360
    Actually Borocay, correct me if I am wrong, but I think EMH doesn't get any money in their coffers. The money goes in the Geomet coffers for the further development of the Cinovec project. Yes EMH will own 49 per cent of the Geomet,so 49 per cent of this money, but not in reality. Can not access it for anything else than the development of Cinovec. And EMH will have no say absolutely with 49 per cent and 2 out of 5 directors appointed. So I don't know if EMH can use Geomet's money to pay for the wages and all other EMH related expenses. So maybe it will have to raise some money in order to do so.
 
watchlist Created with Sketch. Add EMH (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.