5EA - 5E Advanced Materials

[Dona Ferentes]

From the ABR thread.
(American Pacific Borate now not quoted)

Get @Joe Blow to merge it in the old ABR thread for continuity? Same company, just raised cash (heaps) ; looking like it will eventually fall off the ASX, would be my guess

 

[frugal.rock]

Get @Joe Blow to merge it in the old ABR thread for continuity? Same company, just raised cash (heaps) ; looking like it will eventually fall off the ASX, would be my guess

Sounds like a plan.

In what manner would it fall off the ASX?
Move to the US?

 

[Dona Ferentes]

In what manner would it fall off the ASX?
Move to the US?

Lack of local interest? Has happened with others; hard to justify listing here if low turnover, no broker interest, etc.

On 01 October 2021, American Pacific Borates Limited (ABR) announced its proposal to seek Shareholder approval of a scheme of arrangement under which the Company will redomicile from Australia to the United States. This will occur through 5E Advanced Materials, Inc. (a newly formed company incorporated in the State of Delaware) becoming the new holding company of ABR and the parent company of the ABR Group

 

[frugal.rock]

Lack of local interest?

Some interest today, not bad at all for a name change?

 

[frugal.rock]

Got a decent little profit out of this one a few weeks ago.
Still watching for a bounce off support.

 

[frugal.rock]

With little data on the chart, I had thought support was going to be around $2.70 ? Not quite so.

Has bounced off an intraday low today of $2.44 so far, am wondering if a $2.50 entry seems reasonable considering it ranged up to $3.50 only 2 weeks ago. ?
Decisions, decisions.

Might wait until I'm convinced a bottom is in... or, flip a coin and instill tight trade management ?

 

[frugal.rock]

PRESS RELEASE
March 18, 2022

5E EXECUTES RESEARCH AGREEMENT THAT AIMS TO ENHANCE THE PERFORMANCE OF PERMANENT MAGNETS THROUGH INCREASED BORON USAGE

HIGHLIGHTS

• 5E to collaborate with world renowned U.S. institution, Georgetown University

• Research aims to enhance the performance of permanent magnets through increased boron usage

• Research has the potential to create novel intellectual property and commercialization pathways for 5E as it pertains to the manufacturing of boron enhanced permanent magnets


Coin flipped, tails never fails...
Have nibbled on $2.50, set a tight 7% stop loss ($2.33), which is also 5% off today's low (figures approximate).

 

[frugal.rock]

Coin flipped, tails never fails...
Have nibbled on $2.50, set a tight 7% stop loss ($2.33), which is also 5% off today's low (figures approximate).

Dodged a bullet here? Bought with the expensive broker where they don't have stop loss on phone app.
Would've have to got onto their website to set it, which I didn't get to. I think an intraday low of $2.31 was briefly hit this week?
Often I will ignore intraday fluctuations in favour of daily closes, when on manual.
Pleasing to see a turnaround in SP today. Supply diminished, buying is the power. Interesting potential setup for a further move next week, perhaps? ?

Statement of CDI's on issue today, don't see that a reduction on this ticker of around 0.2% would contribute to today's move. Some of the options reductions % are larger though?
I don't see a correlation, influence from options aren't in my scope of understanding yet.?
Any thoughts in this matter @Dona Ferentes ?

 

[frugal.rock]

Have exited again yesterday at $3.24
It punched up to 3.29 intraday high a few seconds after I sold, but only stayed up there for a few seconds also.
Interesting gap up for no apparent reason. The gap made me wary, and near 30% profit in a little under 2 weeks was too good to refuse.
Haven't reallocated funds from this trade yet, will keep an eye on this to see what it does. Hoping it fills the gap so I can have another stab at it.

 

[frugal.rock]

Hoping it fills the gap so I can have another stab at it.

Appears to have filled the gap, bounced off a bottom.
I wouldn't like to speculate where to from here, in current markets
However, if I was captain ignoramus, I might chance a trade. ??

 

[frugal.rock]

5EA on the ASX, and FEAM on Nasdaq are again of interest to me, based on the chart and the lithium sector love in general.
Will be watching to see if it finds support.

5EA daily

FEAM daily

 

[frugal.rock]

5EA is now in the
S&P/ASX 300 Index –
as of September 19, 2022.
Annual report out today.

 

[peter2]

The share price performance of 5EA has been disappointing since listing in the US (FEAM.ndq). Their recent qrtly report states they've plenty of cash on hand but I don't think they're doing much with it.

It's on my reversal watchlist (as it's in a down trend) but there's no signs of demand yet.

 

[frugal.rock]

5E ADVANCED MATERIALS REMAINS ON SCHEDULE FOR INITIAL BORON AND LITHIUM PRODUCTION

HIGHLIGHTS
• Pre-commissioning activities to commence before year-end 2022 with final commissioning to conclude
prior to the end of CQ1 2023
• 5E continues to target initial boric acid production by the end of CQ1 2023 from its 5E Boron Americas (Fort Cady) Complex
• 5E continues expectations of initial production of lithium by the end of CQ2 2023
• 5E currently exploring value enhancing options for its large-scale boron and lithium complex
• CEO recruitment process progressing with high caliber candidates identified

Another bargain, in my opinion only.

 

[frugal.rock]

Last pick for 2023 comp.
SP should bounce back soon enough.
52 week low recently hit.

PRESS RELEASE
December 14, 2022
U.S. HEADQUARTERS
19500 State Highway 249, Suite 125
Houston, TX, 77070, USA
T: +1 (346) 439-9656
E: info@5Eadvancedmaterials.com
Nasdaq: FEAM
ASX: 5EA
ACN: 655 137 170
5Eadvancedmaterials.com

5E ADVANCED MATERIALS SIGNS LETTER OF INTENT WITH ESTES ENERGETICS TO
COLLABORATE IN PRODUCING BORON BASED MATERIALS FOR SOLID ROCKET MOTORS

HIGHLIGHTS

• 5E signs Letter of Intent with Estes Energetics to collaborate in producing boron advanced materials for solid rocket motors to support the U.S. space and military industries

• Collaboration aligns with U.S. government initiatives and programs to onshore production of critical materials and to lessen reliance on Chinese supply chain

• Estes Energetics is a U.S. based company and supplier to the U.S. Department of Defense

• LOI aligns with 5E’s strategy to become a vertically integrated global leader in the supply of boron specialty and advanced materials

 

[frugal.rock]

Watching this one for a turn around. I think it's getting there, but not convinced yet.

 

[frugal.rock]

Keeping an eye on the NASDAQ listing also. Friday's effort below.
Certainly a bit of bouncy bouncy™ @finicky going on.

 

[peter2]

It's been very disappointing since listing. Boron hasn't got the same pizzazz as lithium.
Looks like it's finally hit the bottom though. Likely to gap up on that US chart price action.

 

[frugal.rock]

Looks like it's finally hit the bottom though. Likely to gap up on that US chart price action.

Seems to have bottomed fairly predictably.
I think I need it to rise about 100% from here for me break even in the yearly comp with it, or 250% for my little holding. ?? ?
It's not just fish that slip off the hook and get away from you...

 

[frugal.rock]

Nice show of support on the nadsquack on Friday night.
Up 20% on the day, -5% on the after hours, or 4 steps forward, 1 step back.