Electra Battery Materials Corp V.ELBM

PP at $1.10 & Options at $1.74

[Stocks2Go]

This is going to cause more hurt.

[1northumberland]

Their bank account is full. That is a great thing!

[ElJ]

Not so fast ! when you write that  "Their bank account is full. That is a great thing" Consider:  1.  As previously identified,  “We Need The Money”  and relatively quickly.   I suspect that negotiations with Three Fires Group were “dragging” and so they are temporarily removed from the required Financing, but I expect will return in the Black

[OldGuard]

Thanks for the detailed analysis. For those of us who are a bit limited in financial understanding...does this correctly translate to "They just doubled the number of shares and destroyed half the value of the shares we own"?  If not correct, please let us know the right summary.  

[ElJ]

OldGuard,                     In response to your summary "They just doubled the number of shares and destroyed half the value of the shares we own" ... I emphatically disagree. Please consider the following observations:  If all of the warrants are converted to shares at the specified $1.74, then the Electra Treasury would have

[WernHerr]

@EIJ "Compliments, good work!" And this doesn't even take into account the quite realistic conversion of the convertible bond into shares. That would inject a further $50m into the company in the form of equity and the repayment of debt. What many simply do not want to understand is that ELBM is not too late with the refinery business. Assuming hypothetically that the refinery is in

[ElJ]

Thank you WernHerr, and we should all be aware that the conversion of the bonds you referenced would result in a further 20.6 million additional shares,  at $2.48 conversion price,  replacing our $51 million debt(which is at 8.99%).  Financing of junior start-up operations with their associated uncertainties and risks, is naturally not cheap but some "self funding" through

[WernHerr]

Allright ElJ Operating cash flows and operating profits in the medium or long term are the goal. Creditors will swap when they are convinced that, on the one hand, medium- or long-term profits and further expansion are very likely. On the other hand, such a scenario will then also drive the share price. Probably above $2.48.  Continued good luck!

[MTwallet]

Great comments from both of you. 

[OldGuard]

Thanks for your reply and additional info. I'll remain hopeful. 

[TimeBuilder]

EIJ   Thank You for your comments. Regards, TimeBuilder

[Silverad0]

Just when I thought I had been a little harsh in my criticism of Trent and his band of incompetent underworked suits.  Hell in retrospect I was to kind.  Now the $54,000,000.00 question is who is is benefiting from this again rape of us long shareholders.  Are we done with Cantor Fitzgerald? This does not pass the sniff test in my opinion. 

[1northumberland]

If there business plan really comes together, these small raises at the moment are meaningless.