Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.

TSXV:ELBM - Post by User

Electra Battery Materials Corp. > PP at $1.10 & Options at $1.74

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Comment by ElJon Aug 04, 2023 2:26pm

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Post# 35573890

RE:RE:RE:RE:PP at $1.10 & Options at $1.74

OldGuard,
In response to your summary "They just doubled the number of shares and destroyed half the value of the shares we own" ... I emphatically disagree. Please consider the following observations:

If all of the warrants are converted to shares at the specified $1.74, then the Electra Treasury would have inflow of approx. $54.6 million which adds "significant enterprise value".
A "future" operating Cobalt processing plant, with solid operating Cash Flow is why many investors have been attracted to ELBM, and in spite of the well known disappointments on the timing of plant commissioning, this Funding is a critical element in facilitating eventual start-up, which will, when it happens, improve Enterprise value and I expect Market value.
The proven (piloted) Black Mass process, requires a new plant to be built which obviously needs funding.
Summary: In early-stage enterprises one should never equate "current" Market Value with "potential enterprise value", it is simply the price of "getting-in" or "getting out" since the marketplace operates through buyers and sellers who, for numerous reasons, have close to diametrically opposed views.