EFE 0.00% 0.4¢ eastern resources limited

Ann: Eastern Resources Acquires Lepidolite Hill Project, page-12

  1. 1,126 Posts.
    lightbulb Created with Sketch. 354
    I'm at 2.8c, its still frustrating as my first parcel was at 1.1 years ago so I chased it up what.png but sold some at 1.9 and bought more at 1.0 recently so been lucky to almost double my holding and bring my average down from 3.5. 41k still in the hole but hopeful I can recoup most of that this year.

    We should receive further updates soon regarding our JV getting a move on with this project as our subsidiary company Eastern Lithium is referenced and that obviously is associated with Yongxing who have signed off on the project.
    https://hotcopper.com.au/data/attachments/5256/5256947-3a3501a558f6c45d7297e2b4d3b3ba91.jpg
    The last line references "the strong balance sheet" this should see very little dilution to EFE hopefully with Yongxing hopefully funding this projects development. Lets hope Yongxing are in a hurry for their lepidolite!

    We could also see some other land Acquistions from dealing with LIT as they hold a lot of tenements, and they reference that they no longer consider themself "explorers" and are purely focusing on their battery operations. I did think we may have taken the lake Johnston projects off them late last year but when I referenced the tenement numbers they didn't hold ours last year. I didn't dive to deep into that though but its a bit of a coincidence.
    https://hotcopper.com.au/data/attachments/5256/5256955-fcf7d3ae925a5d770c5fdd7ad25620dd.jpg

    Last edited by Hutchym8: 09/05/23
 
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