What a rollercoaster this has been. Our holdings will be in deep...

What a rollercoaster this has been. Our holdings will be in deep trouble if the DFS does not get released, there is only so much waiting that the market is prepared to do.

On the more positive note, if we look at VUL and EMN, which both have parallels to the Cinovec project, the market is growing confidence that such projects will be delivered within the EU (as their SP directly shows, both are nearly +70% up since their lows a few months ago).

The time for the DFS is now, additional delays will have destructive SP impact, just the same way as it did in the last released delay where EMH dropped 50% of its SP post announcement of the delay. Chances of us breaking the 3 year negative trend at this point are so slim that it would take a miracle to gain +300-500% to return even to some of the recent highs yet alone re-establishing new ones. In this market, not a chance.

The best EMH can manage right now is to limit the SP from sliding ay further and try to re-establish the support for a journey back up.