I'm wondering the same. Emh sold 51%. The money went in Geomet and we pay for everything. This money was supposed to be enough untill the end of the DFS and decision to mine. After that sale we had to do capital raises!!!!!!. I still don't get it. CEZ paid us for the 51% and that money was to pay for everything else so far. So what's CEZ's money contribution for their 51% share of the project. Still doesn't make sense. To simplify, I buy the 51% of a project and then I ask the company that sold me the 51% to use that money to develop the project instead of putting it in their bank. After CEZ paid for that 51% of Geomet shouldn't all costs to develop the project be half-half?
EMH Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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