RE:RE:RE:Last press release is telling Hi Don't,
Thank you for typing slowly on my account.
However, as your message is sent electronically
my reading abilities are not affected at all by your typing speed.
Thanks again though, most considerate.
My original reply to you noted the upward movement in LBNK's
share price from January 1, 2024 to Friday, January 19, 2024.
In regards to the drop in LBNK's share price from January 16 (PEA
issued in the morning) to close of business Friday, January 19.
January 16 open TSXV. $ 1.19
January 19 close TSXV. $ 1.16
A $ .03 drop in the share price from an open at $ 1.19
= 3/119 = 2.52 % drop in share price
About a third of the 7 % drop you mentioned. Likely a typo.
Still, LBNK did go down a bit this week. Did you make money on your short ?
I don't hold LBNK stock, so will not comment further other than to
note that generally the market seems happy with LBNK's progress
as the stock has increased in value 4 % since the beginning of the year.
I see you are also awaiting E3's PFS.
Patience, good things come to those that wait.
I am sure you will share your thoughts on the PFS with
us; perhaps on Stockhouse or perhaps at the AGM.
No need though.
As to the relation between E3's stock price and the current price of
lithium....in general, investors take into account the current unit selling
price when evaluating reasonableness of future earnings projections.
So a decline in the current price of lithium could indicate that future
revenue projections might need to be lowered...an increase in risk.
Note the E3's PEA used a lithium price not to far off the current selling price of lithium,
so I personally think past economic projections are still valid and that E3 stock is undervalued.
I think that the upcoming PFS will lower the risk and lead to an increase
In E3's stock price.
The best of luck to you,
L Atorick