Judging by SP movement and MC size - you would think that EMH was some sort of mortally wounded, junior minnow, with a questionable resource quality, in questionable jurisdiction, in the very beginning of their lithium journey?
Yet here we are: weeks away from the 'company making' announcements that have been preempted by both a AUD$17B multinational corporation as well as the Prime Minister of the country. Market still does not care.
SP is approaching the ATL from 3 years ago. This is surreal, either all of the LTHs are schmucks or the Market got it wrong. Market is rarely wrong. Should the holders be concerned? Well...this is where EMH's superweapon steps in to alleviate any doubts and spread the word to calm the holders - KC (good luck with that).
The only positive that I can see right now, is that the trade volume has been miniscule, so EMH should be able to regain this territory easily. Concerns about going in the wrong direction still stand though...SP should be going up in the ramp up before the news, not down.
EMH Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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(good luck with that).
(20min delay)