RE:RE:WT?Investors shy away from uncertainty.
Last year E3 stated that they expected PFS to be completed in Q4 2023 and released in Q1 2024.
In the December 5, 2023 NR, E3 stated that they expected PFS to be released in the first half of 2024.
The delay appears to be caused by the current testing of the 2nd DLE process.
E3 appears quite aware of the problem, the December 5, 2023 NR listed the items that E3 expected to disseminate by Q2 2024:
(a) PFS,
(b) proven lithium reserves,
(c) downstream equipment supplier, and
(d) DLE process winner
This information should diminish the uncertainty associated with E3 stock.
I look forward to results of the 2nd DLE testing. They started the testing by at least early November, so at least 2 3/4 months of testing. Until this information is available, I don't see how the December NR deliverables can be completed.
E3 has hired several new employees, let investors know of cash position, and provided update on news re Nisku. All good, but the essential information from investors' point of view is not yet available.