E3 Lithium Ltd V.ETL

hate to say it

[DDGuy3040]

I hate to say it but we are probably doomed in thios one. I'm losing $$ and patience as the EVs market is erroding and sales are down...and this company to go commercial will need a mgic stick. 
;( ;(

[MrInvest]

There is for sure downward momentum on this one. It's hard to say where it will go from here. In the ground it is worth nothing. I think it will go commercial, just not sure what cost and at what dilution. Management need changing over there first as Chris has his fingers in everything and is micromanaging. 

[DDGuy3040]

I agree. What will kill it is another dilution/PO, and E3 staff will need it as salaries will need to be paid. Grants can just do so much...

[MrInvest]

Thankfully they raised a good amount in 2023 to support all 2024 and potentially more. They won't need to raise more in 2024 hopefully. Other then the pilot plant they have no way to generate cash, it's all coming from shareholders pockets. 

[TheWokeLemming]

Sell and move on then.  We won't miss you.  Cash burn is minimal.  No dilution needed.    So many clowns here.  

[MrInvest]

I was hoping I would not have to ignore you again after you continue to insult people on this forum. I will ignore you and I would appreciate if you would ignore me as well so that I do not have to find out you are insulting me and others while you are being ignored. Best of luck to you Woke.

[DDGuy3040]

Can you tell us what's their burn rate please ? 

[MrInvest]

I cannot rember the exact number but I believe I saw and heard it in the PFS presentations and damage control meeting a few weeks back. It's not excessive burn rates but Chris spoke about further spending after the summer break so I expect a raise in 2025.  It's not like you can run into a wall, these raises need to happen in advance to maintain liquidity. 

[TheWokeLemming]

  Chris discussed it in the last presentation.