Aaaaaaand....queue the announcement on the delay of DFS - now (remember DFS was due middle of the year, which should be next week).
Remuneration report approved, roles have not been cut, feed trough is full of shareholder cash, what is another year of DFS delay?
EMH continues to be one of the funniest investment experiences that I have had. The fundamentals are so strong and the waves of Lithium Booms and capital just keep on rolling past this asset without any progress being made, but the capital has a tendency of slowly disappearing, where did it all go?
EMH is forever waiting for something....waiting for DFS, waiting for EIA, waiting for Tesla, waiting for LG, waiting for more favorable Li prices (perhaps)?
Remember that one quarter when they told the Market that they couldn't start the DFS-update because the geologists have been delayed to start their studies....? Then came the next quarter and the critical geological survey report was all but forgotten, no mention of start or finish - I think that delay in particular (amongst hundreds of others) summarizes neatly how EMH treats transparency and how it treats its shareholders - with complete disregard of both.
I would love to be wrong, and I have been known to be wrong on occasion or two, but I just do not see 2025 being THE year of DFS, LTHs have been fed this same DFS story for a decade, why now? I understand that EMH now has the newly-issued JTF commitments that need to be met, but I just don't see EMH getting the work finished, EMH has never been able to do anything on time.
Do the LTHs really think that "this time it will be different"?
Before anyone will try to give me the good ol' downramper status, lets not forget that I have a significant holding in EMH and deeply want them to succeed, however EMH and KC in particular has taught me to be very skeptical of anything that they promise as most of it never materializes.
In fact, the only things that have been progressing and were being developed was the work that was driven by EU and Gov instead of EMH/Geomet.
I am not saying that Geomet hasn't had the role to play in the CRMA and the Strategic status developments - far from it, but I do think that if it was left up to EMH/Geomet to deliver project progress without the pressure of the EU submission, they would have not ever progressed to even this point where the project is today. Hopefully the JTF $ are an incentive enough this time around as well.
Now....DFS finalisation/completion in 10 days from now is the next milestone that was communicated to the Market, will it happen? - Let's wait (hopefully not another 10 years) and see.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.19M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 15.5¢ | $149.1K | 930.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6404 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6404 | 0.155 |
6 | 197018 | 0.150 |
1 | 13717 | 0.145 |
5 | 45284 | 0.140 |
1 | 25000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 40000 | 1 |
0.205 | 100000 | 1 |
0.210 | 38597 | 2 |
0.220 | 7500 | 2 |
0.000 | 0 | 0 |
Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
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