RE:RE:RE:RE:RE:The DealAs I said I bought some more at 0.90 when it opened, then additional at1.02.
This is a long term "investment", I more see the value of their DLE. Cetianly E3 is still in their early stage of development, and there are more work to do to prove their valuation.
I just wished that they would have hold this NR until closing their financing.
tiger
tiger6301 wrote: I feel overall it is negative for E3, so the SP will drop today, then bouncing back.
I have been investing in lithium for a long time, E3's Clearwater project is NOT my choice, since it is LOW grade, therefore HIGH Capex. The reason I bough E3 was their LDE technology, that's the future development. E3 needs more time to perefct this technology, then selling the technology to other brine producers.
Today I expect the SP will be down, and I will take the opurtunity to average down. I believe the SP should stabilize around 1.10.
This is a long term play, hold on tight, Good luck to all!
tiger
ndiamond wrote: I actually take this a very good development for E3 Metals. They entered into the agreement way back when E3 was at much earlier stage, didn't have much leverage. Now they have a very impressive PEA out and a much bigger following. Livent is going to be turning alot of focus and $$ to their Nemaska investment (understandably b/c it requires way more bigger investment). And I've heard through the grapevine that Livent aren't be best group to have as a partner. Key things for me in the news release (which are all very good) : *As specified in the Joint Development Agreement with Livent, all licenses and rights to the technology will be retained and returned entirely to E3 Metals. In addition, the Company has benefitted from the advancement in the technology and the C$2 million contributed by Livent including over C$450,000 of capital not spent to date.
**Furthermore, E3 Metals will no longer be obligated to issue Livent 19.9% of its share capital, represented by 7,929,368 shares to be issued on top of 594,068 warrants (the "Warrants") currently held by Livent. The Warrants which are exercisable at a price of $0.40 per share will be returned to treasury for cancellation.
***"E3's team of experts will complete the remaining development work as scheduled," said Chris Doornbos, E3 Metals' President and CEO. "We respect Livent's position and their capital constraints; the capital deployed to date from Livent has supported the significant advancements and major milestones achieved, including a DLE technology benchtop pilot prototype. We value the collaboration from Livent, especially their technical team, who have contributed to E3 Metals achieving these major milestones on the development of our technology. All of this, in addition to the recently completed PEA, will allow E3 to advance discussions with interested potential partners. As we look to the future, E3 Metals will continue to power the growing electrical revolution."