Reflection on 2023Overall I think a great year for derisking of E3, in particular success with the pilot plant. This IMO should have resulted in the 'market re-valuation' that Chris often referred to in appearances over the past year. Little did anybody know that lithium prices would re-tract as much as they have. All short term in my opinion, unless the EV revolution goes completely off the rails.
Which leads me to my primary reflection....the period from mid-Aug to mid-Sept when pilot plant was being commissioned and then operated. I'm sure we all would like to have another crack at that $5.50 spike on Sept.12. Like others, I was deeply disappointed initially when news of the bought deal financing was announced. However, looking back now, it appears it was probably a prudent move. Can you imagine trying to raise $23 million funding NOW to secure their 2024 budget now which would result in 10.6 million shares instead of about 6.5 million shares issued? Whether 'prudent' or 'lucky', I am now glad E3 completed the bought deal which took the financing pressures off, at least for 2024.
Good luck to all E3 longs and a belated Happy New Year!