European Lithium lists on Frankfurt Stock Exchange
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Shares in European Lithium (ASX:EUR) were up more than 5% in afternoon trading after the company announced that it had listed its shares on the Frankfurt Stock Exchange, increasing the group’s exposure to European investors and potentially opening new doors should the company look to raise capital through debt financing or the issue of shares.
EUR’s Wolfsberg lithium project is situated in Austria, and it is quite customary and usually beneficial for companies with operations in the Northern Hemisphere to list on exchanges in close proximity to their business centres.
EUR’s non-executive Chairman, Tony Sage, summed up the development in saying, “This is a positive step for the company as we now have increased access to the European market which is very strong for critical commodities such as lithium”.
Tapping into northern hemisphere markets and money
There is good support for this argument given that burgeoning manufacturing hubs such as Germany are right on Austria’s doorstep. Not only is it a source of demand for lithium, but it also promises to be a ready market for some of Wolfsberg’s by-products that are used in the ceramics and glass industries.
Looking specifically at lithium and its applications in the electric vehicle and power storage markets it is important to bear in mind that Germany is a major automotive manufacturing country.
However, it is also worth noting that large corporates are considering Austria and nearby countries as potential sites for gigafactories that will be supplying components for the electric vehicle market.
Management reminded the market that the release of an upgraded resource model for Wolfsberg was anticipated by early November, and there appears to be a reasonable degree of confidence that this could elevate the profile of the project.
However, it is impossible to predict revised resource modelling and as such this along with previous share price trading trends should not form the basis of an investment decision. EUR is an early stage mining company and independent financial advice should be sought before investing in the group.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
