One note here. PNE cannot be accumulated as it is off-trading...

One note here. PNE cannot be accumulated as it is off-trading due to the back-door merger. PNE shareholders prior to ASX trading stop will receive one for one of the new stock. (But must wait to see the new prospectus rules, because that might change also)



That only leaves CFE and DLC for new shareholders.

CFE has about 750000000 shares (With options) and perhaps some more options I do not know about. That last fundraising granted one option for four new shares on 93 million shares. 16000000 EL shares before dilution of the deal.

DLC has about 633000000 shares and perhaps options also. 11000000 EL shares before dilution of the deal.

If the Lithium deal is really good, and I mean really good, who will stop DLC or CFE insiders from getting rich? They like to get their shares for nothing and their options for free. Who will get in on the merger for the cheap shares? Will old PNE owners get a chance to buy on the cheap? Will CFE and DLC owners get to buy on the cheap?

Will The Company Cape Lambert or The Company DELECTA be able to increase their holdings of EL? Will the T. Sage guy sell some of the CFE he got on the cheap in the last off-market transaction and buy in big in EL?

And the last question is..................is there really lots of Lithium in the mining rights area? Remember, it is your money!

If the Lithium is in the ground and lots of it, then there is no risk at all. Lots of questions here and I cannot answer them without looking at the new merger deal. I smell money here but it might just be a pig with lipstick! But we all love bacon and can we afford not to be in on this deal in one way or another?