In my opinion the INF mine is a definite goer, the EMH isn't.
The Extramadura council is extremely keen on getting the downstream processing plants. Those plants will not happen without the mine. Therefore INF's mine will get approval.
VW is building a battery factory in Valencia Spain. it makes sense to feed that factory from processing plants in Spain.
On the other hand VW has decided not to build a battery factory in Czechia. They have not yet decided on where to do one in Eastern Europe, but have decided it's not going to be Czechia. I would think that will cause delays with EMH's mine.
INF share price is suffering just now because of the threat of a dilutive share issue. I think funds might be raised from Spanish investors and therefore although current investors would be diluted it doesn't necessarily mean a drop in share price. it could be an increase in market capitalisation with Australians owning a smaller stake. It makes sense for Spanish to own a good portion of a company in their country.
