EUR 0.00% 3.8¢ european lithium limited

EUR Chart, page-47

  1. 1,871 Posts.
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    Burnt? Not sure what you mean. It's a catalyst for EUR share price appreciation (less shares should mean higher value per share). The only traders I see are shorters. Volume remains low.

    To achieve better market interest/confidence/liquidity in my opinion should achieve at least 13c per share prior to CRML IPO. Buy back is helping achieve that.

    Further, it would serve the company well to increase the capital investment from the merger. The announcement should also clearly explain the distribution of CRML shares to EUR shareholders, and the assets transferred eg. if this includes the JV hydroxide plant under CRML management, not EUR... and what assets remain with EUR post full divestment / "ex date" which is akin to ex dividend (when CRML shares are no longer held by EUR company and distributed amongst EUR shareholders).

    All in good time, this will happen. What I'm more keen on personally are the unknown... the unpredictable... which is the Saudi JV. Will the Saudis invest capital other than USD400M loan? Where will the plant be located? Will there be a Saudi representative entering the board to have direct communication? When will construction likely to begin, assuming concurrently built with mine prep? So many questions as it sets up the other assets off take as well, 10yrs from now.

    I wouldn't mind Tesla coming into the fold on Wolfsberg project for Zone 2 offtake, since there's no better publicity than Elon Musk's tweets and EU should really hurry up and adopt their CRMA and Net-Zero proposal (currently still just proposals).

    Wolfsberg project is not at all that well known. Once market gets a sense that we're politically and financially definitely going into production, I'll start counting my money. Until then, we're at the mercy of buy backs to thwart off short positions.

    Tony and his sidekick Michael (?) has a habit of spinning up new company and leaving the previous one behind like tailings of a mine. So I can appreciate this is not lost on investors either and weary of their historical faux pas. But US market is a different kettle of fish, they would not get away with such amateur business practices if they want to increase and retain hedge funds' trust - reputation is golden and if there's one thing I know of business, as I keep saying, is big egos.

    I am sure Nasdaq bell will ring and successful production of LiOH because the only thing that has gotten Tony rubbing shoulders with BMW heavyweights, US hedge funds, EU bankers and Saudi Govt (and less significant personalities like me) is Wolfsberg project. All the other assets are less significant right now but poised to eventually help sustain future production without needing to offtake from elsewhere. Dietrich is tasked to negotiate with European banks. We're all counting on Wolfsberg project (and all this "project" entails) to reach production, already in our calendars and forecasts in a big web of supply chain that doesn't yet exist (we are creating it). Each thread are new line of business that creates new jobs and new industries.

    Hence if investing, now is the time to do it before CRML goes to market. It is a SPAC-merger and no doubt will grab attention.

    The clock actually started counting down since BMW MoU. They are the (first) customer and we're all working to meet their schedule.

    No pressure, Tony.
 
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