Q: In your opinion, what is the 3-5 year outlook?
Philip
Philip
5i Research Answer:
It is tough to forecast for a company that is pre-production. ETL recently stated that it may need to issue more shares and also that, "The company's ability to continue as a going concern is dependent upon its ability to fund its project and move toward commercial production of battery-grade lithium hydroxide monohydrate." This tone pretty much cements a future share offering, potentially in the near term. The company also has forecasted that in its investor presentation that commercial production will begin in 2026. We would say outlook wise, share offering(s) are likely and things will get worse before better. If ETL can begin revenue production/commercialization even to a small extent by 2026, the stock could do better.