Thanks for your honest review Fingers, even the eternal optimist...

Thanks for your honest review Fingers, even the eternal optimist like yourself is not entirely convinced, alignment across all shareholders. It is a clear indication that everyone think that the DFS delays for 5 years is poor show of performance.

DRA - wise, they are working for the client on client's terms, timelines and money. This is my area of expertise and generally speaking studies would get released - if the client wants them released, or delayed if the client wants a better environment to release into. So it is interesting that DRA/Bara allowed for themselves to be 'thrown under the bus' in the official communications, EMH/CEZ clearly pointing fingers directly at DRA and Bara Consulting for the reasoning for the delays.



Re Offtake Discussions, why does EMH not report on the status of discussions, this is easily quantifiable data. This is not acceptable, take EMN for example, it is very clear to see what the status of the offtakes is, how hard is it for EMH to introduce some transparency in the process?:



I am personally not much of a puzzle champion, but this puzzle is well overdue for completion and costing many of us hundreds of thousands in losses (albeit on paper) as well as opportunity cost losses. EMH are either going to execute their long term plan this year or what I am worried about: restart the exploration / drilling process to proof more of the resource (hence the drilling licences extensions as announced recently) thus deflecting attention of the market to the exploration activities, whilst severely underperforming on the project execution plan.

As I always say: all shall be revealed soon (hopefully we are not too old by then, as this is seriously taking some time). EMH continues to keep the market in the dark as to what their actual plan going forward is, what milestones they are working to achieve or any mentions of the complete disregard of hard deadlines which is a continuous disappointment and source of the SP drops.

If we do not see DFS this March - SP will crumble, again, this time we are dropping another 40%, into the teens. Reminder: on the day of the DFS-delay news EMH SP plummeted 29% and then another 20% in following weeks. EMH are currently trading around 43-45% below SP before the delay notice (21 Dec).

If the DFS is not released and EMH finds itself in the .150-.170 range, it will take it 600% of rises just to return to the SP high from 6 months ago (~.900) and 1460% ($2.2) to return to ATH from a few years ago. I believe the upcoming DFS release is the "make or break" for the company as the market has lost all confidence in EMH and is on the brink of complete capitulation with this company (which means that my above estimate of 40% hit for another delay is likely optimistic).