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3.6¢ patriot lithium limited

Ann: Half Yearly Report and Accounts, page-8

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nkat2007

1,308 Posts.

1095

02/04/24

20:17

Post #: 73155890
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Originally posted by GKeden: ↑

Hello. Australian spot price for lithium is now US$1100/t; up from a bottom of US$900/t.

I posted previously, capital raisings generally follow some market capitalisation benchmarks.

* When PAT was 7.5 cents, the market cap was $7M, which was the perfect price to raise $3m at 7.5 cents, creating a $10M market capitalisation. I added some shares on market at 7.5 cents, confident a raising would likely not be lower than 7.5 cents.

* However, as/if lithium prices improve, a reasonable benchmark market capitalisation becomes $15M for a good exploration prospect. Therefore based on a market cap of $15M, PAT could possible raise $3M at 13 cents or $5M at 10/11 cents.

* I'd guess $5M is too much to ask for a greenfields play however PAT appears to have good prospects. Therefore, it depends on PAT negotiating with the brokers for the capital raising share price.

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Good to see some consistent buying and soaking up over recent trading sessions. At $5.9m market cap PAT presents some serious upside if they are able to discover anything even remotely close to what neighbor Frontier Lithium has found at their PAK project. It's also looking like a bit of positive sentiment is returning to the lithium sector.

PAT Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $3.725M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$370	10.27K

Buyers (Bids)

No.	Vol.	Price($)
1	17498	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	150000	1

View Market Depth

No.	Vol.	Price($)
1	17498	0.036
2	117059	0.035
2	79411	0.034
1	20000	0.033
1	19060	0.031

Price($)	Vol.	No.
0.043	150000	1
0.045	100000	1
0.048	69607	2
0.050	95845	1
0.051	48000	1

Last trade - 15.48pm 05/09/2024 (20 minute delay)

PAT (ASX) Chart