Thing is, Cinvoec project has great fundamentals - period. So in a technical review of the fundamentals against other projects this investment makes sense. However, the reality is that our investment is not in Cinovec, it is with EMH, who are basically keeping SHs in the dark its management blatantly communicates misleading information to the market constantly, i.e. constant pumping in the interviews about the imminent release of DFS and Offtakes for close to 5 years now...with nothing to show for it.
Even on a few occasions management admitting that they will be more transparent and that they will release more periodically on project progress...Market has lost all faith that is the problem, you can only lie so much to your shareholders. This by far ended up overshadowing any benefits that the fundamentals bring into the project valuation, unfortunately.
EMH Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
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