Electra Battery Materials Corp V.ELBM

Conference call

[MTwallet]

Hopefully a lot you got to listen to the call, good questions from a lot of the big players. Changed my outlook for this company for sure.

[Starkicker]

Had to work so I couldn't call in. Any key points made? I've been pretty sour on this stock for a while so would be good to hear some positive outlooks. Hopefully there is a recording I can track down and listen to.

[greenstar1]

The recording is available by clicking on the blue Investors link on the top right of Electra's website. Then click on the orange Q2 Results Call Presentation. Note that as the recording plays you need to advance or reverse the presentation slides yourself. Best Regards

[OldGuard]

Your outlook changed to more optimistic or less?

[HOURGLASSCANADA]

I read the transcript and here is my summary they Need another 75 million to complete the refinery,  any existing payables for equipment will come out of the recent 21mil. No  progress until the funding gets attained. Trent and a few leaders taking pay cut, no number's provided.  Some layoffs occurred.  Black mass recycling will be the focus until the refinery cash is

[Starkicker]

Another comment that caught my attention is that margins in refining are increased over time as the process is dialled in and made more efficient with a better product. If the refinery isn't going to be ready for at least another 18 months, when demand for the cobalt sulfate will be ramping up, they will have missed out on the opportunity to dial in the process and increase margins. This means

[Silverad0]

What hasn't changed along the way is the incompetance of Trent and his team.  VP of this and VP of that year after year and nothing accomplished except punting the end date further and further away WITH AN EVER INCREASING PRICE TAG. I have been saying for a couple of years that if Trent doesn't get things up and running now we will have missed the boat. We will very soon be the only

[ElJ]

My Summary "Key extracts" from listening to conference call: This is a huge miss in terms of target completion(both Capital and timing), which generates ADDITIONAL CAPITAL REQUIREMENTS.  We got a “heads up” on February 14, 2023 when Guidance was withdrawn. Updated capital costs  Increases: Estimate Q2 2022             

[Starkicker]

Just listened to the entire presentation and Q&A. Shocked to hear that the refinery will be 12 months away from completion AFTER funding for it is found, whatever form that comes in and whenever it comes. It was supposed to be completed last December, so it will be at minimum two years behind schedule  and $80M over initial budget. I realize the balance of demand for cobalt sulphite won

[555rookie555]

Agreed. I feel duped as well. Perhaps we should look at a class action lawsuit against TM personally?

[Silverad0]

Well 555rookie555 I think what you are proposing has merrit.  I seem to recall the delays were simple straight forward as a digester that was damaged in transit and tanks that were not up to spec.  The clock that was counting down to start of production disappeared.  Why?  Well it seems the tanks and digester weren't the issue after all.  Nor was the $55 million to

[NorthInvest53]

If you find out there are Liens ..please post the info here. 

[ManfredGrasser]

seems Trent is the precursur to shafting the investors