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Ann: First Pollucite Extracted At Sinclair Mine, page-82

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w27

2,463 Posts.

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11/01/19

14:19

Post #: 37093106
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Originally posted by Cheynne: ↑

Aw cosmoman - “Man's ambition must be small to only project 2 cents against a 'lil' wall.”
I jest of course but seeing we have had a classic breakout on 1 year daily chart – 30 DMA and WMA 13 with momentum, the reading went straight to 2 cents without any problem at all. Daily, 13, 30 and momentum all up.

There is a slight fear concept that has to be overcome yet to get through this 2c barrier but helps some buyers consolidate I guess. There are buyers at 1.9c while it's there which is good to see to help the next move 2 to 2.2c which would help the cause. I agree 2 cents would be a good start today. Of course as pointed out earlier we are now waiting for stage stage two here expected to commence in early 2019 which will add 6 more months of mining activity working on a cutback to expose a large potassium feldspar and remaining lithium mineral resource products for sale as well. A lot of happenings and products adding on to move the price along shortly when information arrives. A lot of income to come in against a low market cap if everything gels.

Should hear something on our cobalt digs as well with a bit of luck as some moves are starting there now I believe.

At the end of the day a bit of leap of faith over any risk/reward may be required by some I guess but I can see most who hold are hanging on. Too much to hear about yet to be rash.

Ah, I said I wouldn't talk about charts again for two weeks but I erred. They're addictive at times unfortunately. I'll try harder this time. Please do your own research as opinion based in some areas where we are waiting on confirmation details. GLAH

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While not totally dismissive of charts I am a fumdamentals guy. And the fumdamentals look compelling. The gos in Esperance is that PIO will be shipping polluvite in containers by the end of the month - the site is already prepared to load it into containers and if reports are correct should already be on trucks for Esperence. I would not expect any announcement about Stage 2 of Sinclair till we have some movement on sale of the existing stockpile of microcline at Sinclair. David Crook is a sensible guy and I would not expect him to spend any further money till he has buyer/s for microcline, lepidolite or petalite, or possibly a couple of them.

PIO Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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