Electra Battery Materials Corp V.ELBM

Long term Share price

[Bluebron]

I've been seeing a few posts stating high share price estimates from various sources and I'm just wondering what would it take first cobalt to actually reach say a $5 dollar share price in your guys opinions and what do you think is the long term potential share price considering the demand on Ev's

[Tim2Agami]

Well, a 1 for 17 reverse share rollback ought to do the trick,  if you're in a hurry to actually reach say, a $5 a share price (and you get the potential for a US listing as a bonus)

[Bluebron]

I'm not in for the short term I'm long with this one I'm more interested in the insights of peoples post 2023 thoughts not short term reverse splits which won't add value to existing share holders

[Spankie]

I would hope the reverse would not be that drastic. The ideal goal for fcc management would be to get the share float under 100m shares. So I would expect just a bit more than 10:1. The benefit of the listing and bypassing some fund holding requirements would help a lot to gain traction. With 580 million shares its hard fore the price to move up organically. Providing the dilution is finished at

[Bluebron]

Thank you for that response and how would they get down to 100 mil shares from 580 mil what has to happen for that to happen?

[Spankie]

For shares to decease there needs to be either a purchase for cancellation or more frequently with startups such as fcc a reverse split.  reverse split just kills the shares not the value. Ie if you had a 10:1 reverse with a share value at 5 dollars a share and a position of 10 shares you would ultimately have one share at a value of 50 bucks. so it's really the same it just

[Bluebron]

Ahh I see so that's why there's so much talk about a reverse split then and it more than likely has to happen then I. Order for this stock to actually increase in value

[Spankie]

It can increase, just needs a lot more buying pressure than one with a lower share count would. The decrease in shares would also open it up to funds. Some funds such as pension funds have limits to the companies that they can invest in based off of the shares outstanding. 100 million max for several of them.