Well put by Jay Jay and road the same wave all the way up and now down.

There are simply too many questions left unanswered that simply don't fit this business being investible

On that basis i see more downside and negative news to emerge in the coming 12months.

Rough seas ahead....

No longer a holder on SM and IRL ....

Doing some further deep dive into free cash flows EML caught my eye

On 2022 FCF it is trading 26x (rev 240m) with the forward looking numbers looking very positive on a consensus forecast.

By 2024 FCF anticipated to be 82m (rev 327m) or just under 11x.

If this bares true and valuation of free cash flow holds at 26x this places the valuation at $5.7

Nice upside potential with many growth levies at EML pathway