EMO is a Stan Bharti related junior mining company. The company’s stock has risen over 2000% over the last year, from C$0.20 to a high of C$4.14/sh.
Stan Bharti is in our view an infamous stock promoter involved in many notorious firms including Brazilian Potash, Flora Growth LLC, that on average declined by over 80%.
Bharti was previously sued for extracting money from companies that he was involved in and allegedly ripping off other investors.
Recent developments at IBW/Aznalcóllar are fueling EMO’s recent stock run. The company is teasing that they will win the rights to Aznalcóllar mine, and that IBW’s high-quality assets will provide investors great returns. However, we believe that neither will come to fruition.
We analyzed all of EMO’s projects and NONE have EVER succeeded. Management had delivered on 0 out of 10 projects, we believe the Aznalcóllar mine will be the same. We expose what we see as a “bait and switch” scheme.
Our Spanish investigator uncovered government emails which outlined that EMO was banned from one Spanish region (from submitting offers for mines) due to reckless behavior and count-less breaches. Does this tie their hands for the rest of their Spanish projects?
We see a pattern of false claims and wild promises which fail to deliver on substantially every front. For example, EMO failed to pay a 13k euro deposit for the Sierra Alta mine thereby losing rights to the project. Perhaps EMO is not interested in real production, but rather the ambitious announcements and stock hype?
EMO’s Spanish lawyer was previously arrested and sentenced for “illegal interference”.
Current EMO Management stems from Stan Bharti’s web of associates. We believe that this is just another Stan Bharti pump and dump game, as it has happened countless times with the same individuals in the past.
We reveal EMO’s reputation in Spain- local news articles expose: a company with no financing, no expertise, limited track record and a tendency to over-pitch and underachieve.
We believe EMO will not win the Aznalcóllar Appeal regardless of the legal outcome of the other party due to a lack of resources that disqualified them initially, which continues to plague the company. Management conveniently fails to address this among other key risks.
Best-case scenario, in which EMO wins the Aznalcóllar mine, it must then incur significant toxic financing. This will be hugely dilutive to current shareholders.
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