Risk is real but so is the reward, EMH's chances of winning this...

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Chuxa

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26/06/23

07:51

Post #: 68463127
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Originally posted by elpassive: ↑

where were the downrampers? Where were the folks calling this project a scam?

Silence..

This is unfortuntely what it takes to get a project in EU to get going. Nearly 14 years! That's right 14 years before the EU plan on defining an agreement to secure 10% of raw materials. I really hope the permit doesn't take another 5 years in the Critical Materials Act. They have already defined Cinovec as a strategic project, so why on earth would they want to delay that??

Anyhow, enough with the rant, let's see if Europe has the balls to actually get things moving or whether they need to go back to the roundtable and waste more time with pointless meetings. Once Europe define what they want to do with raw materials, it will help investors gain more clarity on timetables.

Everyone who invested here is taking a big risk because the project's success depends on how quickly Europe want to greenlight the development. However, if things do according to plan - I doubt it based on past history, then we will see a major re-rating in the stock. It should be close to $500M - $1B market cap once the permits are approved.

Hence, the upside is real but also the downside is also real. The uncertainty is from EU side.

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Risk is real but so is the reward, EMH's chances of winning this race are getting better and better. Again the visit of the project from the Czech PM and buying land for ore processing- these are some pretty bullish indicators...

EMH Price at posting: 95.0¢ Sentiment: Buy Disclosure: Held
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Last 24.5¢		Change -0.030(10.9%)		Mkt cap ! $50.82M

Open	High	Low	Value	Volume
24.5¢	24.5¢	24.5¢	$158	645

Buyers (Bids)

No.	Vol.	Price($)
3	49087	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	30000	1

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No.	Vol.	Price($)
3	49087	0.245
2	24999	0.240
1	4259	0.235
2	23045	0.230
1	12149	0.225

Price($)	Vol.	No.
0.260	30000	1
0.275	21977	1
0.280	35714	1
0.290	16055	2
0.300	34878	1

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Risk is real but so is the reward, EMH's chances of winning this...

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

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Risk is real but so is the reward, EMH's chances of winning this...

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Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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