Added to YB: 2026-07-24
Pitch date: 2026-07-21
EUR.AX [bullish]
European Lithium Limited
+5.36%
current return
Author Info
Raper Capital has 20+ years of buy- and sell-side experience in a variety of roles, and currently manage my single family office, Raper Capital Sign up for the newsletter.
Company Info
European Lithium Limited engages in the exploration and development of lithium deposits in Australia and Austria.
Market Cap
AUD 465.2M
Pitch Price
AUD 0.28
Price Target
0.45 (+58%)
Dividend
N/A
EV/EBITDA
-2.42
P/E
0.37
EV/Sales
403.92
Sector
Metals and Mining
Category
special_situation
European Lithium (EUR) – the deal is dead, long live the deal?
EUR.AX (new position): Aussie event-driven arb at 26.5c vs ~46c SoTP (18c hard net cash). CRML all-scrip deal now worth only 32c (vs 58c April) as CRML halved—dead on arrival, can't pass IER. CRML desperately needs EUR's A$306mm cash to fund Tanbreez. Base case: recut mid-40s = 70% upside by 2H26; break case buyback floor. Risk: CRML crater, Sage related-party history.
Read full article (9 min)