RE:RE:RE:RE:RE:PP at $1.10 & Options at $1.74@EIJ
"Compliments, good work!"
And this doesn't even take into account the quite realistic conversion of the convertible bond into shares. That would inject a further $50m into the company in the form of equity and the repayment of debt. What many simply do not want to understand is that ELBM is not too late with the refinery business. Assuming hypothetically that the refinery is in operation today, who would buy these volumes? The cathode plants are not even operational yet. And the quantities needed continue to be covered by existing supply contracts, currently with Chinese suppliers. Significant quantities of cobalt for EV batteries will not be purchased in North America until after 2024/25. Thank the IRA for that. According to ELBM, the recycling business segment is prioritised because, firstly, the necessary investments are estimated to be low or manageable (approx. USD 9 million). And also, the conversion to commercial operation is accommodated in the existing company complex. I assume that the financing for this (Recycling) will be completed within the next week.