RE:RE:RE:No news until at least June! DDGuy3040 wrote: 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 .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).
OMG, nothing has changed since .30 a share? Hmmm, I could have sworn the pilot tested more than just the DLE technology. Hmmm, I could swear today that the contracted delivery price for Lithium is more than the $14,000 per tonne used in the PEA, despite the wild ride in spot prices over the last year.
You might be right, it might be worth paying $1.40 today, hoping for a double, but then again, maybe .30 a share is reasonable, as
"Nothing much changed except they tested their own tech and went with a 3rd party tech finally."
Time to get out the ouija board ;-)