Short Term Trading Week Starting: 02 May, page-13

STTCOMP PNN FA Long

MC $56.7m @.925 = 61.3m SOI
Cash $4.563m

PNN has certainly come along way since I first became interested several years ago. Since new management last year, progress is moving quickly, and is now on a new uptrend from positive news coming form its Argentinian lithium brines, including form today's new lease secured.

The expected catalyst to get this tip over the line is the forthcoming results of the blended brines from two of their saltares, that has shown initial 5.4% li composition. The final results of this work is due, very soon.

It is worth mentioning that PNN will use Direct Extraction Technology of the lithium and combine it to improve grade. Furthermore, they are looking to develop their own processing plant of which they are in the vicinity of the necessary infrastructure. Lastly on their lithium, they have some serios nearology going on, if that is an acceptable turn of phrase.

Not being satisfied with Argentinian lithium, they are also drilling now for copper/gold near BHP's Argentinian project.

Back in Sth Australia, they have a drilling program underway for Kaolin-Halloysite. Another in demand hot commodity. Also, in SA, they have 4 licenses and 8 applications for grounds containing nickel-copper-cobalt, and a 51% JV with Rio for one lead site here.

Plenty to look forward to and all going well, this low MC and extraordinary low SOI will help generate good sp growth.
https://hotcopper.com.au/threads/ann-march-22-quarterly-activities-app5b-cash-flow-report.6711421/