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3.7¢ european lithium limited

EUROPEAN LITHIUM LIMITED, page-3030

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Von Rico

4,833 Posts.

1140

13/04/23

12:14

Post #: 67254529
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Originally posted by Montalbano: ↑

1. Very strong net demand (ie Li demand will significantly outpace actual Li supplies) for Li in the near future, based on strong fundamental analysis by Sprott Critical Metals ETF a few days ago (Analysis reproduced, verbatim, by Stock .head's C. Edwards 11.4.23).

Bodes well for EUR.

Thanks@TrayonRangerfor the Sprott ETF link,Post #:672167582. Some may be interested, & find succour, in the Li "confidence vote" demonstrated by LTR SP rise since 28.3.23 (Takeover Offer $2.50, in production very soon).

And also the big Volume jump. with a modest SP rise, In ESS (subject to a 50c Scheme of Arrangement Offer). Production several years away, big Capex needed (small MC company, lots of dilution if no takeover).

The ESS SP action (now at 51c, with c.3.7 m sold so far today) almost certainly indicates the big boys are wading into ESS- they realise 50c is far too cheap for a safe Tier 1 11mt Li asset, (& much more?), well located, in a safe market that will be desperate for Li in future years (mantras of energy security/secure supply chains- ie non China & non-Russia/Co2 reduction targets etc.).

This action, albeit indirectly, eventually bodes well for EUR.

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This is the flipside ...

EUR Price at posting: 7.3¢ Sentiment: None Disclosure: Held
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