RE:Today's trading needs to be investigated by IIROC/CIRO Something needs to be investigated by Securities Commission....
Something needs to be audited by Canadian government....
Chris flies first class.....
Dont always has concerns with E3 even though I think he holds no shares.
If you believe these things, then I encourage you to write to the authorities rather than post your fears on the SH site. Nothing you right here will trigger an investigation or audit.
My take:
E3 will be presenting assumptions to be used in the PFS in a week,
I expect that news will be good;
(a) the spot price of lithium is not the far off that used to prepare the PEA several years ago,
(b) the pilot testing showed that E3 could extract lithium better than even they anticipated, and
(c) the costs to operate the plant should be lower than first anticipated based because the pilot plant showed that larger volumes of brine could be processed with equipment than first thought.
As the PFS will be issued only 3 to 4 years after the PEA, the cost of the plant shouldn't have ballooned exponentially.
What this leads me to believe is that the PFS results should be stellar.
I found that the recent Seeking Alpha article was a drive-by, questioning the value of E3 shares without doing a proper analysis. So in my view, since that article, E3 shares have been trading at artificially low values.
I bought 10,000 shares today and 3,000 earlier this week as I expect good news. Likely the same thought process as other investors.
I note that the share price of many other Canadian lithium mining companies rose today.
There appears to be a sense that the current spot price is below production cost and that spot lithium prices will rise shortly.
Nothing to investigate or audit. Couldn't care less if Chris flies first class or buys a 'coach' ticket on Via Rail to promote the company.