Electra Battery Materials Corp V.ELBM

ELBM looking for a buyer

[plumena3]

Meanwhile, another junior, Electra Battery Metals Corp.

ELBM-X -6.25%decrease

 

, which attracted $10-million in funding from the Ontario and federal governments, and had intended to build the first cobalt processing plant in the province, halted its plans earlier this year amid major cost overruns. Electra’s shares over the past year have fallen by 85 per cent as it searches for a buyer.

https://www.theglobeandmail.com/business/article-avalon-liberals-lithium-plant/

[Blackbriar44]

Well if they are looking for a buyer, that means any who held before consolidation would have been divided by 18, and  then "" IF "" a company does pick this up ELBM I believe what we will get is around 10 to fifteen cents for each share. Now if that is not Highway robbery then the government and regulatory agencies for Canada and Onario surely doesn't care about the

[dothemathpeople]

WHO would buy an unfinished POS, that still requires a minimum of $60M in additional financing to complete?  And now the CEO has come out an said it will be non dilutive, so; debt.  THIS is a major fail to this point.  Major.  They are now $0.04/share, pre consolidation price.  So, even lower than when they first grabbed the shell and started this entire scam.  How

[Silverad0]

It will be interesting to see how many voted NO for Trent and the existing board.  there was big as in BIG money handed out last week to a Belgian firm to construct a plant near Kingston to do the same thing that ELBM was supposed to do. Shows how bad ELBM is or how corrupt our governments are or BOTH!   Again ELBM has a permit a plant nearly done and the money goes to a start up yet

[dothemathpeople]

With his, and their track records to date, would you finance Trent of elbm?  Even debt?  I mean, there has to be some kind of promise and more inmportantly, potential ability to pay the debt back, no? I mean TM also left his last company hig and dry, after raising lots of cash, and having little to show for it.  And that company has still not made it.  FALCO?  PEARTREE

[MTwallet]

Funny how you guys all come out of the woods at the same time 

[greenstar1]

Ya that's been a multi year pattern. If they own shares, with all the constant pessimism, I don't know why they don't bail and especially why they didn't bail before when prices were higher. If they are short, which I highly doubt, then I understand the constant pessimism. If they own shares long, then I don't understand what good they do for themselves and others by constantly

[dothemathpeople]

It is important to not waver in the quest for the truth. This company, and their management, and officers, are less than that.  When they talk sh1t, it must be exposed.  Like it or don't, there are two sides to the market.  Additionally, if you want to read just the tag lines, and take them for gospel, that is your perrogative.   Mine is to call them out, and decipher their

[Silverad0]

Any word on what went down at the AGM?

[dothemathpeople]

Trent...on Glencore. Hoping to get paid.  Again.