RE:News on debt is out. well. we can breath- but we still are ways off from any multiples here. Just my opinion. This is not a bad news release but it does nothing to address anything "real" relative to advancing the project- other than they are "working on it". I warned of this a few weeks back, 'kicking' the can down the line.
The reality is E3 got government funding because they are much rather ahead than us. We are in NWT not ONT...very very different.
These are undisputable at this point.
The news was also good
-the debt trade off was a big nuce off our neck
-the issuance of shares shows some type of confidence in the company advancing imo
-the issuance of new debt suggests confidence in the space
Its a jr. It’s a jr miner with cobalt.
This would never be an overnight success.
The outlook for battery metals change on a dime if the government grants us some dollars...IMO good luck to all...no coal this year but an empty stocking lol maybe more shares if I see the opp.
maybe not...
dyodd
GLTA