I’m sure you’ve seen it but somehow I missed this press release about EMCO raising money at a $120M valuation. It has to put them one step closer to an IPO, right? They also went from calling to ‘wholly owned’ to now referring to it as ‘majority owned’ but that ownership should still translate into AREC’s share price if/when the IPO happens.
https://t.co/bMmLpABX1N
@cekdrew It’s crazy that they have 6X as many outstanding shares as $AREC and 3X the market cap. From what I can tell they haven’t had any meaningful results and it sounds like they’re using a modified solvent extraction approach. AREC/ReElement seems like they’re further ahead.
I’m just hoping they have earnings soon. They’ve already missed the window for Q2 so I’m guessing they’ll get another notice of non-compliance which will probably trigger another wave of selling. They have so many things going right for them right now but their financials seems to be theirs Achilles Heel.