EMH 7.84% 27.5¢ european metals holdings limited

The last paragraph in the transcript ' this case is absolutely...

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    The last paragraph in the transcript ' this case is absolutely not related to the memorandum' is key. it has been confirmed that in accordance with the law we carry on as usual. Back to where we were at the beginning of October before we signed the damn thing that caused all the hassle in the first place. Remember the SP was circa 75c at that point.

    This will break the political stalemate that has existed since October, which has effected the SP and now we can move on in accordance with the new state rules.

    The new Gov have played this to 'save face' and ensure that they don't lose out on the whole LI economy at the same time.

    From their perspective the recent changes in the mining laws ie 'previously approved projects will not be cancelled', but all processing will be carried out in the CR, has basically taken the place of the MoU, As the MoU included a clause that all processing will be carried out in CZ. Of course we are ok with that,

    They have just changed the laws instead of agreeing with the MoU to 'save face'.

    It will be interesting to hear EMH's point of view in the announcement.
 
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