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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Comment by ashentegraon Apr 24, 2018 10:10pm
148 Views
Post# 27935580

RE:RE:RE:sure looks like one tweeter bang on

RE:RE:RE:sure looks like one tweeter bang onThere is another option to consider, buy1234. 

To sell a parcel at break-even. You have lost time but not money. Unless your parcel is wildly mis-bought, this should happen reasonably quickly. One can simply automate the process, stick the parcel on the market at desired price and keep renewing the order until it goes off.

I have an FCC parcel at 56c and another at 88c, same $$ value and therefore the cheaper parcel is more shares. The 88c parcel is likely mis-bought. My overall position is (modestly) profitable so I can exit anytime if I think the game is up.

I intend to buy again in the mid-50's and ditch the 88c at break-even. If in the meantime Trent finds a fat Cobalt vein and the price takes off toward $5, I am covered. I can even buy more at a higher price and keep my average below market.

We all try to buy and sell like snipers. We don't always get it right - typically 60-40. I allow myself do-overs or best of three or five or even seven, and don't beat myself up about it. I am much more likely to nail inflection points this way. I grant myself more possibilities, more choices.

Further, the dude with the lowest cost parcel makes the most gain. The share price change is linear while the CG is exponential.

Good luck!

Ash

(I have cut and pasted this reply to a similar query on Australia's share forum Hot Copper)
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