That's a rather narrow view, but I 100% agree with the sentiment that a lot of work is needed to return E25 to any sort of market darling status. There's the potential for it to happen but...
There's not many junior's that have Stellantis as a shareholder and off-take customer There's not many junior's that have GM as an off-take customer There's not many junior's of E25's size that have secured US$105m of loan commitments for off-takes There's not many junior's that have a US government grant of US$166m (despite doubt about whether the USA will honour the grant it awarded) There's not many junior's with patents for a purification method to HPMSM that appears to be at least equal and arguably better than alternatives There's not many junior's that have collaboration agreements with Nissan Chemical
Some event could occur that gives the market confidence that the US grant will come through. E25 agreed to split that grant into 5 phases and one of the phases started 1 April 2025 and allowed up to 90 days of earlier expenditure. While it wouldn't be a big claim against the grant, its possible E25 has submitted or will soon submit their first expense claim against the grant covering expenditure in budget period covering 1Jan2025 to 31Mar2025 or 1Jan2025 to 30April2025. If E25 receives a payment back for half of its valid expenditure over that period, how people's opinion about the grant change?
E25 Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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