Member Info for Lexaris

Given the EU are banning new combustion based cars from 2035, Lithium for batteries is a critical element particularly in Germany to move their auto-industry.

Less than 14 Years before the deadline so ramp up of lithium value is inevitable. So why has this share dropped so low? Even with an ineffective plan merely owning the asset should retain value?

Quote from their Share Strategy ($13B fund) - "we seek to identify instruments and assets that have been either overlooked or misunderstood by the market."

Loads of Lithium Ore just processing needs to be sorted.

https://seekingalpha.com/article/4483510-european-metals-zinnwald-lithium-depend-on-cinovec-processing

Weirdly low but Omicron effect also in play. Im just topping up and waiting it out

Given: Tesla deal with Ganfeng Lithium 1-11-21 for battery grade lithium. Ganfeng lithium taking over Bacanora whom own 25% of Zinnwald. And whilst the Ganfeng-Bacanora isnt final if it fails wouldnt they make a deal for Zinnwald as they will be desperate for lithium for their Tesla deal?Given this is logically good news why is the share price dropping and not heading towards £1?

It's possible something lifting the price but the high number of small value trades is unusual.

As for the prospects of Zinnwald there is a study out there that reckons that it would be possible to extract 1800t of lithium per year. Given Lithium metal worth approx $10K per ton it could be $18M. Lithium needed for Home batteries, EV's, mobiles, laptops and possibly Amazons drone deliveries so demand exists.

- https://www.nsenergybusiness.com/projects/zinnwald-lithium-project/#:~:text=Zinnwald%20lithium%20project%20reserves&text=Contained%20lithium%20is%20estimated%20to,lithium%20grade%20of%203%2C523ppm.

Fair enough. still doesn't seem very worth while buying less than 100 shares can't be any reasonable gain from the trade.

There are a fair few buys but loads of them are less then 100 shares. Given 12.5p sp (ish) then each trade is less than £12.50 in shares and likely £12.50 in transaction fees. This makes little sense to me given no dividends to auto reinvest. Anyone have an explanation?

That would be the aim but the most recently filed documents state 75%+ Shareholding thus a Subsidiary.

" This could and possibly has changed but until its officially registered on statutory documentation it just isnt so.

Erris Resource to Zinnwald Lithium - Name Change (Companies House)
https://find-and-update.company-information.service.gov.uk/company/10829496/filing-history/MzI4MTYwMjE4N2FkaXF6a2N4/document?format=pdf&download=0

Erris Gold Resource Ltd Subsidiary of Zinnwald Lithium Ltd 75%+ ownership - Companies House
Zinnwald Lithium Ltd (Reported under Former Name) Currently listed as Ownership of 75%+ Shares
https://find-and-update.company-information.service.gov.uk/company/12800758/persons-with-significant-control

Divestment of Locktay to be 'spunout' RNS
https://www.investegate.co.uk/erris-resources-plc--eris-/rns/acquisition-update---restoration-of-trading-on-aim/202010080700044408B/

Eris Resource Changes Name to Zinnwald Lithium. The shares of Erris Gold Resource are for a new subsiduary of Zinnwald that are currently not publicly traded. The old Erris Resource board is now defunct.

This board is for the listed company Zinnwald Lithium (Formally Erris Resource). The Erris Gold Resource are not traded thus ideally shouldnt be discussed here as they are a different company. However as a subsiduary (currently) it may effect the Zinnwald Lithium share price if there is significant news.

Brokers should have credited online accounts or sent certificates by now although could be delayed in the postal system. Best to talk direct with your broker as they will know what is happening for your specific circumstance.

Ironic punishment - Must work 200h in: a fuel depo; delivering fuel; cleaning up after XR......

Enough costs to raise the sp back to 1p :^)

There are a few Lithium and Gold companies in the UK at the moment that are exploring deposits within the UK and abroad. What is the possibility given Covid and other market realities that some of these companies may merge into bigger companies for a better return.

For example: Erris Gold Resource + Scotgold
or Zinnwald Lithium + Cornish Lithium

Has to be something various boards have considered...

24H reverse. Broker (Halifax) still showing the shares and the volume but no value. gone from 100p to ?per share ;^)

Halifax

Have my Gold shares. Suspended from trading and having talked to my broker there is a pending Announcement.
Although current Guide price 100p

"Dividend in Specie" - Non cash dividend. So You will get shares in Erris Gold. as well as the renamed existingcompany

Given you have to have shares to be on the register and that there is such a high degree of publicized positivity. Why have so many sold their shares this morning with no buys (so far)?

In the olde days of Dor when large volumes of oil were identified there was clear possibility of shares being worth 1p (GBX 1) each. Have we come full circle with the volumes now confirmed.<br /><br />Given the shares changes to be 1 share for every 400 (so for the old 1p now £4 per share) and now off on ASX @1.76 AUD to 1 GBP<br /><br />For us to be at the expected 1p party now needs to be $7.04 per share.<br /><br />We are running just a little short at $0.10<br />