RE: Doing my due dilligence7 Mar 2021 19:59
Evening CT. I'll admit the sp has re-traced further than i would have thought, however it seems to have stabilised on Friday. This coming week will be interesting.
EML has always been a long term hold for me. So by that I mean most certainly this year (and beyond), by which time construction should have commenced and we should be in double figures. After that, there's another 18 months to wait until production but if you take a look at the figures (low capex, high margin) then hopefully you'll agree the prospects at that point are very attractive. Of course, finance has to be secured this year, but then that's what we're all betting on if you like as without finance we're not looking too pretty. We do have a high class BODs and I trust them to produce.
Speaking personally, this is my biggest holding and the one i'm most excited about but my comments are all my opinion. Good luck if you decide to invest - just be patient. If you do, you'll find this a decent board with many knowledgable posters.