Electra Battery Materials Corp V.ELBM

Current Stock Price

[davgro]

I am very surprised that the stock is currently trading at such a premium to the $ 0.25 public offering price.  Smart money would be shorting the stock at this price and covering with the Equity Offering.  Am I missing why investors are paying a premium to the offering price ?

[ARIMA11]

There are two components to this financing: 1) an equity offering $0.25 cents (CAD) and2)  Convertible Note $0.25 cents (USD) which is now 0.32 cents Canadian after conversion.  The price $0.29 cents at this time of writing is somewhere between these two. As for the premium, they have all the money required to move forward on their operations. Its likely that the increase in

[ARIMA11]

"Our vision is to be the most sustainable producer of battery materials, starting with North America's only domestic supply of battery grade cobalt. Longer term, we are pursuing the creation of a Battery Park around our refinery, which would include battery recycling, nickel sulfate production and lithium-ion battery precursor manufacturing. We intend to capitalize on this first-mover

[BelieverCo27]

Thanks for link. Great input. I'm also reminded that we are still waiting for an OEM partnership announcement. Let's hope it's a major. We need to remember, we actually have zero clarity on what's going on until announcements are made. It's all speculation, some more informed than others, at this point. Time to dust ourselves off and WAIT for facts. Talk about a roller-coaster.