Pre-mkt this early doesn't mean anything. Just mens MM are not in office yet. Spread (particularly the ask) will come down as open approaches.
Their only claim to fame is not using evaporation but a new proprietary process that is till in the lab testing stage.
Just north of PE is ABL, taping the same brite system with massive evap ponds that has been in business for many years and is currently a world class supplier of Li.
Li is a global commodity - the lowest price wins not matter how it is produced or where it comes from.
Expect several large financings before a commercial scale Li recovery facility is up and working.
I have seen some estimates that it will take between $100-$200M. Considering that the current mkt cap is about $40M you are looking at a potential dilution 2 1/2 to 5 times increase in common shares outstanding.
It can't see them using debt as they have no current business to provide cash flow to service the debt.
I would assume it is back-ended as they are still in the ramp up and tuning stage. Would expect a lot less than 116/4 in q2 (ending feb 29th). I expect report in mid-April
All Pd stock moving nicely - my takes:
PLG is up another 20% today - really running but I can't see why - their TPD and grades and costs are unknown yet as this is the first real qtr of operations.
PALDF - Insane
SWC - IMO solidly in the black but do earnings justify this price?
big: Sold some PLG this AM at 2.97 and bought it back at 2.82.
PLG running too. Up 12% yesterday , 19% today. Up 122% in 4 1/2 weeks.
Congrats on nice calls. :-)
Ford: I am not grouchy. Made .48 x 6000 on the short side day trade today.
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Wow - quite a reward for being loyal - a 10% increase.