Electra Battery Materials Corp V.ELBM

refinery update

[daver63]

https://www.newswire.ca/news-releases/electra-provides-update-on-refinery-construction-and-commissioning-842296733.html

[dothemathpeople]

You missed a few "choice" quotes; "confirming that the project remains on budget and on schedule for a December, 2022, commissioning".  Commissioning is not completing. "Electra plans to build a battery materials park".  Not "has begun to build", not "is building". "We have completed procurement activities on key equipment and

[ustocks]

simply said:  They missed the boat. 85% material from  DRC,   good luck  --- over----

[TennisStar]

The reality is, beyond your ignorant speculation, that the project is on budget and on time. Quit trolling steerage.

[Silverad0]

Yes good assessment dothemathpeople.  I have been calling out trent for some time now. Get a move on bud. I really think the plan was to attract a buyer and bit by bit he had to go from talking about the refinery to planning a new refinery to still talking about building one. It will be over a year before there is a roof on the new plant and again over 18 months before cash flow. Pathetic

[NorthInvest53]

Hello,  I have had a hunch (and expressed it a few times over the past while) that they are looking for a buyer. They are basically looking to "flip" the refurbashed refinery. Buy a fixer upper, modernize it, then flip. Lets hope the stock goes up, and we can make some moeny, but, do not be surpriseed if it is bought out..... Take care everyone. 

[Blackbriar44]

It is nice to see that a fellow investor has an open mind  Management gives us info but somtimes sounds like only things WE want to hear  I will have to say that All options are on the table. Good thinking NorthInvest53 and if it does lets hope it is a nice premium over all assets for investors here. My opinion. GLTA

[Blackbriar44]

 Silverad0, very good post and  My sentiments as well. Battery makers are readying themselves for the EV PUSH and will need a constant and NORTH AMERICAN suppler of COBALT SUPHATE. Who will they end up going to????