Australia's largest stock trading and investment forum Australia's #1 stock forum

EUR

Click for more information

2.04%

4.8¢ european lithium limited

You are some what correct with NASDAQ, I doubt it will end up...

First 4684 Last

Share
Profile

Follow
bmloho

807 Posts.

49

13/09/23

14:57

Post #: 69842589
Share

Originally posted by TechSpec00: ↑

I'm sorry but how exactly is listing on NASDAQ adding value to shareholders? You seem to conveniently forget that the listing can go south. Based on the lack of interest from institutional investors in the US, the price will most likely tank on listing wiping away most or all of this notional value.

If you have been following the US markets, most speculative stocks have been slaughtered over the past 12 months. CRML dropping to $1 or $2 after listing is quite likely. This is not a sustainable way to add value to shareholders. What would have been sustainable is to have built up the resource big enough that investors and banks simply cannot ignore.

Tony moved to NASDAQ as he couldn't find funding here on the ASX only to realize it isn't too different there either. Until I see institutions taking up CRML shares for $8 to $10 before listing, I refuse to believe that the listing will add value.

Expand

You are some what correct with NASDAQ, I doubt it will end up what everyone is expecting.

Another Nasdaq listed lithium stock, much the same stage of development, in Canada. Has a resource of 11million tonnes, NPV of US 1.2 billion.

MC US $35 million.

Majority owned by ASX listed Nova

Snow Lake Lithium LITM

Cheers

EUR Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 286 more messages in this thread...

First 4684 Last

Add EUR (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change -0.001(2.04%)		Mkt cap ! $67.11M

Open	High	Low	Value	Volume
4.7¢	5.0¢	4.7¢	$41.9K	874.8K

Buyers (Bids)

No.	Vol.	Price($)
1	84570	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	148224	1

View Market Depth

No.	Vol.	Price($)
1	84570	0.048
5	151911	0.047
5	192565	0.046
6	345862	0.045
4	164545	0.044

Price($)	Vol.	No.
0.049	148224	1
0.050	1255183	5
0.051	517473	6
0.052	193790	4
0.053	50000	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 4.8¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
4.8¢	4.9¢		4.7¢	27439
Last updated 15.59pm 16/05/2024 ?

EUR (ASX) Chart