EUR

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5.2¢ european lithium limited

EUR Chart, page-114

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Bluegoose

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03/05/23

09:56

Post #: 67579391
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Originally posted by BRProject: ↑

Buy back is a catalyst. It is not an event. Many companies have gone through buy backs and still, share price traded down, so it speaks volumes EUR remain on an upward trajectory of market capitalisation.

What commands a re-rate are events, such as mergers and acquisitions. Listing on Nasdaq alone is not an event but a catalyst for the event of M&A.

This is a basic fundamental economics of trade. "Trading" meaning operating a business.

Other catalysts for EUR include:
- PIPE
- JV hydroxide plant
- Improvement in DFS (either less cost or more resource)
- Improvement in LiOH purity from already 99.96%
- Further drillings and result (increase in JORC/asset)
- Secured funding - loans and equity (60/40 split)
- Commencement of Construction/Pre-Production
- Macro environment changes eg. geopolitics
- Competition eg. reduction/increase in Chile's exports

Further, BMW offtake and DFS has not been priced in, in part because the mine is in Europe (this alone speaks volumes as if the mine was in Australia or South America would be a different story).

One measure of the Board's success is having the company's market cap above AUD250M.

So sure, let's focus on buy backs... afterall it is the catalyst currently in play. But it's not the only catalyst. As any shareholders can clearly see, and factually know (there could be others), there are many catalysts this year alone. Not to mention an up and coming event.

It's fascinating where retail investors get their forecast from, as if graphs will behave based on historical data on a micro/business level, especially in mining where the cycle is modelled on an aggregate level.

It is interesting there is much focus on share price, despite the fact that buy back's purpose is to reduce issued number of shares - although taken the desired effect since less number of shares means higher share price value.

Anyone as old as I in this industry knows (or should know) after seeing/experiencing this time and again, buy backs can increase a company's share price but market cap can remain the same.

So to my point: Take note that market capitalisation is also increasing in value.

It is explained mathematically:
Market Cap / number of shares = share price

Expand

Howdy BRP,

I'm still here patiently awaiting the re-rate which appears to be happening now - albeit slowly and steadily (which I like).

On the Webinar, Tony said he was hoping to "Ring the bell" on NASDAQ in the first couple of weeks of May.

Do you are anyone else have an update on this timing as I'm not too familiar with digging through all the behind the scenes paperwork and lodgements that may be happening to prepare for the listing.

I think once the Saudi deal goes binding, we will start to gain some traction and some respect in the market.

Cheers, BG.

EUR Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.2¢		Change -0.001(1.89%)		Mkt cap ! $72.70M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.2¢	$9.775K	185.2K

Buyers (Bids)

No.	Vol.	Price($)
9	410963	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	44057	1

View Market Depth

No.	Vol.	Price($)
7	345963	0.052
1	2500	0.051
7	129095	0.050
3	143652	0.049
2	41689	0.048

Price($)	Vol.	No.
0.055	44057	1
0.056	137	1
0.057	87051	4
0.058	400000	2
0.059	71230	3

Last trade - 16.10pm 12/07/2024 (20 minute delay)

EUR (ASX) Chart

EUR Chart, page-114

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EUR Chart, page-114

Top Stories

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News