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3.8¢ european lithium limited

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29/02/24

12:29

Post #: 72668364
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Originally posted by TechSpec00: ↑

Hey mate…I get that.. but that is simply voting on a provision to be in a position to issue up to 500M shares so they don’t have to go back for approvals again.

However, I don’t think it is right to imply there are 500M shares right now. So, when Empery invested, they invested money on today’s valuation and not taking into account potential future dilution. If that was the case every investor will be asking for an 80% discount on last traded price.

In that same breath, could we then argue CRML at $15 is now valued at $7.5B and so should instead be trading at $3?

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good news ???

Mining explorer Critical Metals sinks in Nasdaq SPAC debut - Katie Fehrenbacher, author of Axios Pro: Inside a planned lithium mine in Austria that will be developed by Critical Metals, exploration company Critical Metals plunged by more than 20% on Wednesday morning in its Nasdaq debut, following the completion of its SPAC.

EUR Price at posting: 8.6¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $53.12M

Open	High	Low	Value	Volume
3.7¢	3.8¢	3.7¢	$35.23K	950.5K

Buyers (Bids)

No.	Vol.	Price($)
2	220819	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	121287	3

View Market Depth

No.	Vol.	Price($)
2	220819	0.037
7	492145	0.036
7	131570	0.035
5	187072	0.034
3	67782	0.033

Price($)	Vol.	No.
0.038	121287	3
0.039	256500	2
0.040	159000	3
0.041	293884	4
0.042	497804	3

Last trade - 15.46pm 27/09/2024 (20 minute delay)

EUR (ASX) Chart