RE:18:1 & NasdaqThey are offering hopes, then promises and dreams...there is no "factory" VV?? What calibre? I don't doubt they are working the capitalization with their behind the scene dealings..it is what this company does well. Promote, market, tout, sound and vid clips. Grabbed cash from the province and federally, sure. And secured a north of $40,000,000 US$ debt facility to build it all. But in terms of actually building anything, it hasn't done that. There is no factory. There is no mine. There are plans, and permits, and concrete has recenty been poured as reported.
I do agree with you on the "kind" of company this is. Especially when they get their uplist to NASDAQ, with that institutionally attractive share price north of $4 US. But the double from here is a tall order son and seems unlikely. Especially if they do not deliver on any of their time lines, or production promises. They will sell some stock, be sure of that. They obviously have somehting planned for a concentrated promo and hopeful stock price run up...i just think alot of the money has been made already...and a double from here isn't exactly what ALOT of shareholders were hoping for...especially those of them in this forum.
I also believe they will have PLENTY of competition recycling, extracting, and vying to be "THE" battery materials company of just Ontario, never mind Canada. And those close to the border companies, and Elons investments just east of Toronto, and the cobalt component of EV batteries, will have their say in it all.
With only 30,000,000 I&O after the RS, there is plenty of room to sell more stock to finance whatever else (Iron Creek) they have up their sleeves. The writing on the wall also says Trent Mell isn't part of all that. That will make it alot easier for him to sell his position.