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Bullboard - Stock Discussion Forum Euro Manganese Inc V.EMN

Alternate Symbol(s):  EUMNF | EMNAF

Euro Manganese Inc. is a Canada-based battery materials company. The Company is engaged in advancing development of the Chvaletice Project in the Czech Republic and exploring an opportunity to produce battery-grade manganese products in Becancour, Quebec. The Company is focused on the development of the Chvaletice deposit, which involves the re-processing of a readily leachable manganese... see more

TSXV:EMN - Post Discussion

Euro Manganese Inc > What's the problem with this stock?
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Post by miningfundi on Apr 02, 2024 12:29pm

What's the problem with this stock?

The CEO reminded us today that the 2022 Feasibility Study valued the project at US$1.3 billion before debt gearing. This works out at about CDN$4.35 per share. Debt gearing should increase this value significantly. There are about 38 million options outstanding but the exercise prices are significantly higher that the current market price. So why is the stock price so pitifully low? Time to buy ....
Comment by miningfundi on Apr 02, 2024 3:27pm
I have looked more carefully at EMN’s recent financial statements and identified the following sensitive item: "The exploration and evaluation assets will be tested for impairment and then reclassified to mineral property and development assets within property, plant and equipment, once the Company has secured access to all required land parcels for the Chvaletice Manganese Project, has ...more  
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