PMT 2.21% 34.8¢ patriot battery metals inc.

Ann: PMT Announces Largest Lithium Pegmatite Resource in Americas, page-53

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  1. 1,422 Posts.
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    Will be an interesting open. I rkn their will be a drop at the open as shorters and their mates try to help them close out their positions and then give themselves an opportunity to buy lower before the SP rallies. I would say around 11:30am and then ends in the green and then continous to climb over the coming days as news digests.

    This announcement clearly shuts up the media and nay sayers. Yes, there were people saying this was 200mt, but market is not made up primarily of these people. They are made up of people that follow the bias reports of shorters. This announcement beat their expectations and proved them wrong.

    Personally, I like the 109mt @ 1.4% more than 150mt @1% because because it gives clear association to LTRs resource. Yes, they are clearly further ahead then us in their time line. However, they are 4x our SP. People seem to magically think that the few years we are behind LTR, the Li shortage will be fixed, idiots. Please also factor in that Li prices are quite low right now as well.

    Upsize potential is phenomenal and all that today's announcement proves is that this management team know what they are doing and this project is significant on a global level.
    Last edited by ForeverNewbie: 31/07/23
 
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