The stock made some 900% in 3 months so why are you surprised by a pullback? I guess the management does not see any obligations to care whether the price is 0.55, 0.45, or 0.35 now. Where did you hop in? "Timewasting silence"? Lol. No updates? About what? They successfully raised money to build the pre-planned demonstration plant, addressed upsides brought by Musk and EU regulations, and explained clearly what are they going to do - build the DP and continue with permitting. That is all I need to know as an investor. New off-take agreements are of zero value as they already have major achievements here and we are dealing with a much-craved resource.
And no - this is not a typical ASX company, quite contrary. It is in EU jurisdiction, where permitting takes much longer and it is very strict (for both the mining project and the factory). Have you read the EIA documentation they submitted? You should, because it is a hell of a work and a job well done. As far as legal backing is concerned, every sane person knows how important it is in small countries like the Czech Republic. You just need guys that "know the map" and don't get lost in the peculiarities of the local legal system or government conventions.
If some short-term traders start to freak out, it is an opportunity for me. I started buying again once the price got below 0.4 CAD on TSX. There are already too many people knowing what kind of a project this is and how well it is managed to let the stock slide substantially...
EMN Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
