PURSUIT MINERALS LTD (ASX:PUR) - PUR - Charts, page-196 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Pensive: ↑

Hey Nasty!
I remember saying when the SP was around 2.8c that “PUR was flying under the radar as we haven’t had any down rampers yet.”
PUR is starting to get noticed now and the down rampers are just starting to pop up here or there on a good green day.
Expect more to come imo.

Best thing to do imo, is stick together and don’t get caught up in their games, hit back with hard researched facts and do it smart...
They won’t stick around for long unless they feel they are winning.

We’re a great team here imo, this is an awesome forum with some great individuals that are open and honest, and have some well researched posts throughout. (Along with a bit of humour, yes I’m talking to you tretch! Lol)

I personally try to tell it how it is, even if it may come across like up ramping sometimes, but if it does then there’s a reason it sounds like that lol.

There is no doubt PUR along with any other junior explorer will have to do a CR at some stage, management are switched on and have done everything right by shareholders imo, they can see where the SP is going and I personally believe (depending on how far the cash will stretch) they will either wait until the 1st set of drilling results to do so, or depending on how high the SP goes before results, they may play it safe and do a small raise then...
either way it will be at a much higher SP with a lot less dilution and could just be a drop in the ocean in the grand scheme of things...

The company did state they had enough cash to get them through the next 2 quarters (mid calendar year)
and I have no doubt drilling will commence before then.

So long story short,
No CR is needed in the short term and I feel the company will let the SP run and get the options in the money first, cash from exercising options and any cash from the Scandinavian asset deal will be a bonus and give management more time to get the SP high and have PUR looking very interesting for potential clients before a CR is done, hence getting the best price when a CR is needed with the least amount of dilution!

Then there’s the possibility of a partnership of some sort with one of the surrounding explorers, PUR will most likely have their hand out if this is the case especially if we have some more anomalies from the AEM survey to be dropped any time now.. (although I’d personally prefer warrior to be 100% owned by PUR)

My bet is that anyone that thinks they bought in high today at 7c will be laughing in a couple of weeks.

And as little as Trojan knows, we’re not a $60 million company but a $46 million company.
PUR still has a long way to go!
GLTAHs
ill stop rambling now and finish my celebratory drink lol.

Expand

hey @Pensive agree - down rampers are obvious and poisonous though blatant upramping is as cringeworthy. I’m here as I expect to 10 bag. my plan as it stands is to hold through initial drill results though may sell options to free carry. Can I put it out there that the first person to post an image if a rocket blasting off gets a cyber slap!

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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $10.90M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$1.072K	361.6K

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