RE:RE:No news until at least June! One can only hope. E3 doesn't produce anything, it is a startup. PO done at $3.5; that means Chris values his company at $3.5 right now. Plus 10-15% dilution made to previous investors, no investor will pay him $3.5 to get in!!!! As an investor, you are looking at doubling at least your $$. That puts it at $1.4 as buy value. Anything above that, it is giving Chris money to play with.
Remember that E3 was $0.3 a couple of years ago and still no operations and production as of today. Nothing much changed except they tested their own tech and went with a 3rd party tech finally. So back to drawing board for E3 with a PFS that possibly can tell us if this project is commercially viable or not. One should look at the price of lithium nowadays and the sentiment lately about EVs to see that this is not a battle E3 have won. IOL is hedging their bet by taking 5% of E3, that is nothing for them except having a foot in the door in case the EV market explode (which is far from being that way if you see how Evs are pilled in dearlers lot).