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Bullboard - Stock Discussion Forum Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It... see more

TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > Where the dust settles
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Post by Wynjoe on Mar 03, 2021 3:12pm

Where the dust settles

My belief is that the average selling price for the next couple of weeks will determine what "existing shareholders"believe this company is worth.This average,will then be the determining price of a new issue of shares to complete this operation.I thought it would be 37 cents but it may very well end up to be lower,we shall see.We need more cash,wherever it comes from,simple as that.
Comment by BelieverCo27 on Mar 03, 2021 5:09pm
We need a bit more, that's true. Good to think long term. Long term is getting shorter and shorter. Co price going higher and higher. Biden just keeps approving and moving FORWARD. Best to stay calm and have faith in TM at this point.
Comment by OriginalTeddy on Mar 03, 2021 7:52pm
I'm personally not too worried. Realistically speaking, the refinery isn't up and runnng yet. There's just no revenue stream to put towards the debt being built to bring it all to life. Untill that point, the price is driven by news releases or investors that see the big picture and are able to believe enough in the company to pull it off. Sure the price of cobalt might reflect how ...more  
Comment by 555rookie555 on Mar 04, 2021 12:18am
Definitely a long hold I agree but very hopeful even in short term for incremental and logical gains as news of refinery progress releases. For me, the two new executives brought on a few weeks back show there is a backbone to the refinery construction. I thought I read one of the executives had a PR background and one was more EV technical. I expect timely updates on refinery and financing every ...more  
Comment by OriginalTeddy on Mar 04, 2021 10:53am
I would love to witness this take off by the end of 2021 and I see it as a viable possibility, but I try to keep the hype grounded as it's easy to let it run off on you. That can lead to expectations being set a little high and is (what I believe) causing much of the fear and dissapointment when in our lower days. I think that by every right this stock can bump that decimal to the right in the ...more  
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