The only thing that keeps 'the hope alive' for me at the moment is that various formal officials and external parties are communicating that the feasibility study will be delivered, eventually, in the 2024-2025. What does concern me, is:
- EMH does not have enough money to support perpetual DFS development for another 1.5 years; - EMH is moving into a materially worse position the longer it takes for them to deliver that DFS (SP continues to drop, as the company gets closer and closer to the DFS delivery date), however the likelihood of takeover/buyout is increasing - disaster for the shareholders and a massive win for CEZ.
I do agree that it really starting to feel like a big old scam dream is starting to unravel and the holders (us) are starting to realise that we have paid been paid for 51% of an asset and got nothing to show for it, whilst our BOD has pocketed and dwindled all the proceeds from it.
/patiencerunningdry
EMH Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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