EUR 2.04% 4.8¢ european lithium limited

HOWEVER distribute some shares then you will see price sky...

  1. 188 Posts.
    lightbulb Created with Sketch. 244
    HOWEVER distribute some shares then you will see price sky rocket, why would someone not buy a share worth 8.2c when they would be getting free shares worth about 34c (30% CRML and current EUR shares outstanding), yet still having the current shares in EUR?

    The price per share of EUR if 100% CRML is distributed goes up to about $1.20 based on current numbers.

    Even if 100% is distributed, CRML will still own the Wolfsberg mine, the same way EUR did before, Tony is still the chairman there having about the same amount % shares in CRML as he has in EUR and shareholder of EUR have about the same amount too (roughly 80%) of the share equivalent they did in EUR, BUT at a much higher value, more return and enriching for everyone.

    So again not sure why EUR wants to hold all the CRML shares except for what has been mentioned before - to not have dilution in EUR for other projects, work around - distribute 50%! EUR will still have over A$800 million in value
 
watchlist Created with Sketch. 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
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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.