RE:RE:RE:hit 52 week sp lowCPM really no longer exists, they are EMR. That said it is clear that EMR does not care at all about driving up the SP; no marketing, no news, no material communication of any kind. I am in no means an expert however since they are no longer supporting the SP I see two likely paths to an end game:
1. They have a buyer, public or private doesn’t matter. The projects value in defined within the BFS and they hired a CEO (and team) who are build it/operation guys. I am not worried they will get their permits (Bud is connected). Project is wrapped and ready to go-- you can pretty much drive her off the lot into production by 2020. In this scenario EMR get their money out somewhere above $1.00 and move on. This scenario is good for retail investors and could likely play out this year.
2.EMR will take private. They could then take into production or resell making more (remember the lithium disappeared). This means they will pick up the rest of the float for as low a price as possible. If this is the path they choose it never ends well for retail.
There are many more twists and turns possible such as what Tata’s position and play - still on the board with other ties to EMR in Asia. My personal belief is that EMR will not stick around into production but that is just an opinion based on the little bit of info I have been able to find through due diligence. I add to this Woods emphatic and consistent position over time that he has heard nothing that would indicate near term going private or of a share consolidation. Woods seems, like Lance, to be a stand up guy however he is not fully on the inside and I have been duped many times before.
Like many on the board, I am a long term holder. However, when Lance left, I downsized to a reasonable position and become much more leery of EMR and the possibility of outcome 2 above. At this point I am optimistic but remind myself that there is no way at this time that I can determine what EMR will do. GLTA