Electra Battery Materials Corp V.ELBM

Shorts

[Budcomags4]

FCC has gone from 1,740,000 shorts in March to 186,000 today... What does this mean?

[Goldfather]

hey Bud.... great question ! That's b/c this is the bottom.... Btw.....Jervois closed at .57 Ca -today. With no revenues , mine not opened yet, and their Brazil refinery 2 years away. Sooooo , FC should match their SP come September at refinery construction start. ...No ? 

[Mazz45]

I think as soon as we get news that the financing is secure we should see a very decent price increase as this becomes significantly derisked.  As things unfold and we get closer to moving from pre-revenue to a post-revenue company in Oct 2022, assuming no delays, patient investors will be hansomelu rewarded IMO. Just have to be patient and hold and hope they can keep plugging along and hit

[Wynjoe]

wha????Jervous no revenue???Me thinks you should read a little more about Jervois.

[Goldfather]

Jervois receives Idaho Tax Reimbursement Incentive (“TRI”) approval for Idaho Cobalt Operations (“ICO”) Incentive will provide reimbursement of 28% of Idaho corporate, payroll and sales taxes for 14 years To receive the tax credits, Jervois will create a minimum of 164 new jobs in Idaho at an average annual wage above the Lemhi County average Jervois will move forward to

[ragingcanadian1]

Just starting DD on this. Looks like a great long term play here. At this point I dont think huge fast gains possible with 500mil OS. I did look into JRV. They have 800mil OS and douple SP!!. Anyone know why? Haven't looked deep into JRV but they seem to be same financial position as in no real revenue and basically a start up. Am I wrong? Is FCC undervalued compared to JRV and why?

[ragingcanadian1]

Any rumors of possible share consolidation here. Say 5 or 10 to 1

[Goatburner]

Not necessarily. Blind enthusiasm alone can make stock disproportionate to its real value - a good example is GameStop and AMC. Fundamentals are key. It does not matter what one other company does and how it's received and perceived. As a first Cobalt shareholder you should be more focused on the fundamentals of first Cobalt and less on the drama of other companies without fundamentals. Apples

[ragingcanadian1]

Understood. But with all due respect JRV is not gamestop. Neither these companies are in the same universe as meme stocks. It is a viable comparison

[ragingcanadian1]

So far in my DD the only negative is trying to delete cobalt from batteries. I'm not convinced it will happen anytime soon but... it is a concern

[WernerD]

And a old hat. You won't knock anyone off your feet with that. As Goatburner rightly said, you should concentrate on the fundamentals of the industry and your candidate and not comparing with single companies as Jervois or others. Quotes are often just snapshots ... Try to get an overview

[ragingcanadian1]

Understood. But comparisons are a good indicator of a how the market views companies fundamentals as long as it is done within the same group. In this case cobalt sector. As I am just starting to look here I thought somebody might have some insight on it. Especially since FCC seems a much better play

[ragingcanadian1]

Mind you... the comparison to JRV is just a curiosity for me. Wont change my mind on FCC. more important things to consider.

[Goldfather]

Raging -Hard to find a comparable to FC. JRV is a natural to look at , but still very different. They are a miner with a soon-to-be refinery in Brazil. Per their release the ICO mine opening mid 22', and Brazil refinery not far behind.... they also have a Nickel mine in South America called Nico-Young that's been closed a while. Stats say JRV has 14 employees and no revenue yet. 

[ragingcanadian1]

Godfather. Thanks for the breakdown. Understand a little better now