Further to our discussion last week on the cash position of EFE...

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gklaw

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17/10/22

10:35

Post #: 64230533
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Originally posted by andy830: ↑

Yes, I do know they recently had a CR but only have $3M and the other projects are not significant in comparison to trigg hill.
I probably should have mentioned that and been a bit more specific.

However I was mainly trying to point out was the market cap in comparison - we have $5M cash (probably $4M now) a $10 M facility and our stake in BMM. For the projects we have multiple and not just stuck to one metal, if lithium collapses, we still have others to balance things out.
Its like our projects are not valued at all, only lithium is being given any value if something is done or announced.

I am wondering though is Ya Hua trying to cap us so they can be buying in more at cheaper prices?

I do agree with you though that EFE is probably slightly ahead as they have started drilling, however we can easily have started drilling as well, not sure why hold on to drilling just because a discussion is on going with Ya Hua, doesn't quite make sense to me.

to be honest though lithium for me is not the key but copper and tin instead is the main ones I am looking at.
I think our markets have become too focused on lithium plays only and discounting all others, guess that is where the quick buck is to be made in and out.

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Further to our discussion last week on the cash position of EFE in their announcement this
morning they have reported cash reserves of $7.1m. to fund the exploration of their projects.
Hopefully we soon get some positive news here very soon or our SP may suffer accordingly
as the overall market is full of negativity at present.
IMHO DYOR & GLTAHs

EVR Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $22.27M

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Price($)	Vol.	No.
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