Looks like serious downramping to me too, glad to see HC doing some moderating.
Joe Lowry had to do some retracting also for using the word scam, should be more of it, here he is looking a little smug: https://x.com/globallithium/status/1796955903993815328
The premise of the argument is that the Thai Government has “extensively mapped out all these pegmatite zones back in the late 1980's” and that “these pegmatite zones have been the subject of detailed geological studies for decades”, leading to the conclusion that a new discovery is not possible as all the information is known.
If we applied this logic to other regions extensively mapped by Governments - the Pilbara region in WA comes to mind, as do the greenstone belts in WA’s Yilgarn and the Lachlan Fold Belt in NSW/Vic., and plenty of other regions globally – then there are essentially no new discoveries to be made. Pack up the drill rigs boys, there’s nothing to be found here because the Government has already mapped it.
LOL, what a load of nonsense, doesn’t look like much DYOR here. “Anyone who knows basic geology 101” quote unquote knows that Govt. surveys are generally high level studies and generally lack the granularity required to identify opportunities at the prospect level. They provide indicators or vectors which may show potential opportunities that may lead to discoveries. And this is why Governments do this work – to generate exploration interest and investment.
I did my DYOR.
In reading PAM’s KT East releases it is pretty clear that they did not say that they have discovered ‘granites’ or ‘pegmatites’. PAM states they have discovered a “large lepidolite pegmatite dyke swarm”. That’s a bit different. Sure, they may be in a zone known for a particular geology or minerals, as are our friends in the Pilbara, Yilgarn and Lachlan Fold Belt, and many other mineral belts globally, but I don’t think the Govt. maps say “there is a lepidolite dyke swarm just over there PAM if you care to have a look”. Perhaps there was one of those highway caution signs that said “Lepidolite pegmatite dyke swarms for next 15km”, or one of those green signs at an intersection in south Thailand which said “Lepidolite pegmatite dyke swarm - 5km".
KT East is definitely a discovery, and it looks to tie in well with the RK and BT prospects based on this release: https://investorhub.panasiametals.com/announcements/6351409, see the 3rd map.
If you word search the one article link given, which is the only one not behind a pay wall: https://www.gsm.org.my/wp-content/uploads/gsm_file_1/SCTM_12.pdf, there is only one reference to lepidolite, which happens to be PAM’s BT Lithium Prospect. So I would hazard a guess that nobody new this lithium bearing lepidolite pegmatite dyke swarm at KT East was there until PAM ‘discovered’ it. My word search also shows 187 references to granite and 10 references to pegmatite, so there’s plenty of granites there.
And if you google ‘Southeast Asian Tin Belt’ you see it’s a zone 2,800km long and 400km wide, that’s a lot of square kilometers. I really don’t think every opportunity has been ‘discovered’ yet. Do you?
As for the lifestyle comment – If these PAM guys were all about lifestyle then what are they doing tipping their own money in. Lifestylers don’t do that. Maybe someone should give them a heads up, tell them that being a lifestyler means that you take the shareholder’s money out, not put your own in! They haven’t exactly lined their pockets with options either, perhaps someone should also give them a heads up that being a lifestyler means that you need to grant yourselves and your broker friends who raise you all the money lots of options. LOL, someone please point them to a broker in Hay St, Pitt St or Collins St, these guys are doing it all wrong, they have no idea what they’re doing, they have failed 'Lifestyle 101'.
Definitely a down ramp or some other issue, but not a lot of DYOR in these comments, that is for sure.
PAM is real, and they are discovering, and don't forget Chile.
IMHO based on my DYOR.
And based on PL’s comment on InvestorHub looks like they’ll be back on pretty soon: “… We are very pleased to say that the Listing Committee met yesterday (Wednesday 29th of May) and approved PAM's reinstatement. We expect reinstatement to trading early next week. Thanks for your support.”
