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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Comment by copperisgold7on May 25, 2006 8:53am
235 Views
Post# 10900007

montquibois: you will soon disappear like gummy

montquibois: you will soon disappear like gummyGuys who short stocks trading at forward PEs of 4 with a quarter of the stock price reflecting NET cash do not last long. Shorting PD is fine because they have hedged their production through "costless collars" -- AUR is unhedged and actually sells their copper for a 7 cent premium to spot because it is registered as Grade A on the LME. So far your AUR short has made you a piddly $1.40/share -- With dividends (get your 15 cents ready) I am up over $10/share on a six figure plus position that I have held with conviction(and avoided paying taxes upon thanks to Canadian tax rules and the crystallization of gains). Small and fast money might be made short, but the big money will be made long as AUR will be in the mid-20s by year end, near $50/share by end of 2007 and in triple digits by 2009.
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