Wouldn't call that downramping. Merely a trader.
I like the look of PNN, things that turn me off:
- Talk of the poor quality of tenements (but I guess look @ agy who are making their sub-par tenements work, at least for now)
- The name sounds absolutely ridiculous to me, I know a stupid reason to not like a company.
- At the current rate, there is enough cash for one more quarter. This is irrelevant really though as if results are bad SP will tank regardless, if results are good a CR won't have much of an impact.
Positives:
- The MC is so low and one of the cheapest lithium plays on ASX (similar to RLC).
- Broad portfolio of potential projects
Will probably jump in tommorow, I think this should be valued at ~$30mc based on similar plays (e.g. LKE, ASN, Li3 etc.).
Ann: September quarter activities and cash flow report, page-58
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.03M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 75311 | 4 |
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| Last trade - 16.12pm 28/06/2024 (20 minute delay) ? |
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