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EUROPEAN LITHIUM LIMITED, page-4684

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bmloho

808 Posts.

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13/09/23

14:57

Post #: 69842589
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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.

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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
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