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Time to sell, at a 50% loss?
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Probably should have gotten back into e3 at 1.81 but we will see how that one moves this week .
Anybody ever looked at KRBN ? I’m not even sure how this works but I like the chart lol .
E3 is below 100 million at this time. E3 owns their resource of 7 million tonnes of lithium inferred, and will have lower Opex. Even at the initial commercial plant production of 20,000 tons/yr @ $20,000/ton for lithium hydroxide that’s a 2.5 year payout of the capital.
Crazy numbers that would put it at likely 1.5 billion market cap. That would be a stock price of 15x from here, barring no serious dilution. Do your own DD on it.
My HUT went against its usual pattern yesterday. BTC up, HUT down. HIVE & BITF also. Looking for better for today. And FOBI still halted. Will be a week tomorrow. Longest halt I have sat through, although I haven't really been at this stuff for very long overall.
https://www.npr.org/2021/09/21/1039313011/tiktokers-are-trading-stocks-by-watching-what-members-of-congress-do
Pit Row
And $10-$20 in two to three years.
Comparing them to standard lithium and market caps, resources owned and outstanding shares would put them at 25 Canadian right now and about $18-$19 on the American market
The kicker here is they are debt free with positive cash flow and about to acquire/merger coming up where their new CEO seems decent -- with a merger the company could spring to a few dollars maybe and more with shorts on it it could do a good run.
Worth a shot to throw few hundo or stack at-- not financial advice or whatever.
Post a reply to: Market testing the lows from Oct