I'm honestly a bit torn, as I didn't expect EMH to capitulate...

I'm honestly a bit torn, as I didn't expect EMH to capitulate how it had in the past 4 months. I'm still averaging down but if the SP has absolutely no support (I was counting on some semblance of stability) and it goes into full single digit SP mode...then my strategy doesn't work, my availability of top up funds can't match this sort of decline.

I was counting on .250 being the floor but i think at this rate EMH's MC can retreat into high 20ies without much resistance (.110-.150ish SP). EMH had dropped -68% YoY SP over the past 12 months, deeply concerning, as even the strongest fundamentals of Cinovec are starting to lose their shine.

2026... is my investment horizon. At this stage I got a few more top ups in me but if this numbing silence continues, it will be a call for a reassessment of my investment thesis.

Back in 2020 my hypothesis wasn't counting for EMH to become a dysfunctional, stagnant mess over the course of 2023-2024. In my native and conservative assessment in the end of 2024 EMH were meant to be permitted and constructing, not in a 3 year delay spin still without a DFS, EIA or any permits.

At the current rate of progress we'd be lucky to produce anything by 2030-2032, even that would be considered to be overly optimistic.

Make out of that whatever you may.