Euro Manganese Inc V.EMN

What's the problem with this stock?

[miningfundi]

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 ....

[miningfundi]

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

[Lazerbeam]

This will be reconcilied imo once the offtakes start coming and the last hold out for the final land parcel suceeds. From what I have heard, it is one party who is asking for a larger sum of money for his parcel than Euro Manganese is willing to pay at the moment.