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3.8¢ pure minerals limited

Ann: Acquisition of Sewa Bay Nickel Project, page-30

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journeyman

3,013 Posts.

283

11/02/20

21:14

Post #: 42872894
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Originally posted by MajorJohnny: ↑

I have contacted the company and whilst they also share the extreme disappointment in the stock price performance from recent days , they mentioned that the company are very confident and excited about the future . You need to remember PM1 traded as low as the low 1 cent area when running on fumes seemingly without a concrete plan for the future . Since then the company has turned completely around with a Market Cap of around $ 10 million . The chance of PM1's market cap far exceeding where it is currently standing far out weigh the risk of the Market Cap halving from where it is placed especially taking into account the high impact news to come as well as Government Funding .
Risk vs Reward , PM1 looks great . Buyers should far exceed sellers once major seller or sellers are done , seen this kind of scenario so many times before in the past , pleasing announcement today which also assisted volume which is exactly what PM1 need .

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the selling was significant, but someone equally significant was on the other side of those trades. Wasn't just the usual retailers that sit on the sidelines watching the typically miniscule liquidity of this company.

PM1 Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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