ETM 4.17% 2.3¢ energy transition minerals ltd

Thanks 23,This post is not in response to 23, just general...

  1. 246 Posts.
    Thanks 23,
    This post is not in response to 23, just general commentary. For the record, have never sold a share of this stock, and do have dry powder when we find a floor, didn't want people to misinterpret prior post where I mentioned "buying in again". Did have a big order in for $0.18 yesterday to top up, never hit. I also respect people's decisions to opt out for now based on:

    1. Political risk (IMO: how can Greenland afford not to support this project, their economy is bleeding cash and dependent on Denmark)
    2. Uncertainty on capital raising and the potential for dilution, (IMO: I don't have any doubts that GGG can raise capital, look at the assets they have, again MASSIVE if unlocked, and whether its dilutive or not, I don't think management is going to sign up a deal that never allows management to get the stock above $.30...that is where they struck the mgt equity....just think about it.
    3. How much lower can you buy in for, understood if you don't have $ to invest, but if you have any level of patient capital, should you wait???
    4. RIMBAL, this is the piece that I'm most curious about. Rimbal has a HUGE share overhang. I don't know their motives, but who cares, they are sellers, it doesn't matter why.... they are selling at all price levels and at a regular frequency.

    I went back and looked at all the Rimbal sales from only this last release. Here are a few interesting notes from my math (feel free to correct me): the highest price they sold at was $.305, the lowest $.20, and the big block 2MM shares was at $.26 (this one made me feel better as they sold lower than this on multiple days before and after this sale). My bet is their instructions to the trader are a floor is $.20. as long as they keep liquidating, the stock could feel pressure.
    THIS ENTIRE POST IS IMO ONLY. I am long and staying that way.
 
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Last
2.3¢
Change
-0.001(4.17%)
Mkt cap ! $32.40M
Open High Low Value Volume
2.4¢ 2.4¢ 2.3¢ $18.36K 786.2K

Buyers (Bids)

No. Vol. Price($)
1 321444 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 165012 5
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Last trade - 12.04pm 12/11/2024 (20 minute delay) ?
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