News and Answers Coming, page-48

It's been a perfect storm this year - Ukraine war threat, Ukraine war real, inflation rife in West, bond market sell-off as a result and expectations of change of course of rate cycle, China lockdown. With the spec end of the market getting killed, the blue sky, non-producing, zero income stocks relying on future external funding were always going to get hammered. Now is the time IMO to look around and ask which stocks got thrown out with the bathwater indiscriminately, are showing compelling value and still have a future in a more fragile economic environment. EMH is still the largest lithium asset in Europe with a low op cost profile and every prospect of getting to production (albeit nothing like as fast as the market hoped). There will be a lot of other mining projects scrubbed out in the carnage of the last few months. It's on what? 10% of a conservative NPV. IMO back to $1.40 where Elliston bought in a stroke.

The recent larger bid and offer parcels tell me the big end of town has been using the recent troughing to get positioned in the stock for a pump