I feel if the “ rumour” is true then Min Res may be a little peeved that news is out and may just pull back in the buying mode as retailers expecting to make a quick buck may pile in .
There is no obligation for them to say anything until they have 5% or more _ the substantial shareholder notice required .
It may be that they are building a stake just to take an interest in a developing story and have as a part of an overall lithium portfolio. It has also been suggested that Min Res may spin out their Lithium assets and this may be just a style to broaden such a portfolio.
Then again the “rumour” may have just been started by some major existing PMT holders to get the market excited and it’s just BS .
Will be interesting to follow
PMT Price at posting:
$1.66 Sentiment: None Disclosure: Not Held
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