EUR 0.00% 5.5¢ european lithium limited

Critical Metals Corp: Wolfsberg Project, page-130

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    Let's re-visit this thread shall we?

    Sorry I know I've posted a lot and long posts already. Last one until Monday, promise.

    Since I created this thread specifically to provide a depository of information for CRML and there is common understanding of facts, not driven by speculation. Nothing wrong with opinion/analysis but best to ensure based on known details.

    The up and coming announcement is specifically about "financing specific to the merger".

    What is the merger about? SPAC companies provide a readily available list of investors and their consolidated funds. There are many ways to look at a "SPAC-merger" but ultimately it is a capital raise... an IPO. The merger is about raising capital to fund the Wolfsberg project.

    The total Wolfsberg project financing approach is 60:40 split. That is, 60% loan and 40% equity. Although note this is flexible and not set in stone.

    Some further reminders:

    The one single biggest risk to any investment but especially startups and small caps is the risk for the company to fold/bankruptcy. A reminder de-risking has been happening in quick succession for EUR - these are results of work that started since December 2021.

    Take comfort that the company simply cannot and will not be allowed to go bankrupt now by many vested interests: Austria (the country) and its Govt, EU and even specifically Germany, "Big Bro" BMW (!), Obeikan, Saudi Govt (nothing happens in KSA without Govt involvement), Wall St fund managers (check the list of SZZL shareholders) and of course us as EUR/PF8/EULIF shareholders.

    I very much doubt, especially post GM's meeting with Deutsche Bank couple days ago CEO stating "everyone knows the risk of not enough raw materials supply" that the likes of BMW would allow slippage to schedule without stepping in to prevent or otherwise do something to resolve issues.

    My personal latest pet peeve "room for improvement"...

    If we are to be measured as a multi-billion dollar company by "the market", now is best time than any to start ensuring the company is managed like one: None of these funny business of creative accounting; get full transparency of the business out there with all subsidiaries and assets before Wall St scrutiny (including from nefarious forces eg. competition); and if we are to attract finance as opposed to get branded as just another speculative stock to ensure our ability to run a Nasdaq-listed public company with process and procedures properly resourced and not by juniors but experienced staffing. None of this sharing other's content just as an example (as I'm told) in terms of social media when we (the company) should be creating our own to begin with and driving the narrative of company progress updates with own photos and videos - that's what "social media" is supposedly for, not to share news articles.

    In any case, I digress... financing is what Tony and Dietrich are both focused on securing. It is THE main focus. We know this! I doubt very much CRML Board members would let this moment slip. In mining, opportunities like these don't come often, and come in cycles. You snooze you lose.

    Remember that M&A is a complicated beast. The SEC in particular is riddled with new laws for SPACs. White & Case is handling the transaction, in addition to EUR's own and SZZL's own experts. You CANNOT rush it. Especially not with an asset such as Wolfsberg project that has been meticulously (and I don't use this word without much due respect) prepared for such a deal.

    Take comfort that Tony and team very much know the high stakes in getting to ring the Nasdaq bell.

    3 trading halts, each significant company progress in one month! I cannot be seen as up ramping for simply stating facts.

    Ducks lining up. See the updates for what it is and stop speculating.

    And before anyone speak about the share price again, please read up and understand what has been made transparent here over and over already what exactly is the event that would re-rate EUR's market capitalisation.

    Happy Eid! Happy Financial New Year!!
 
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