Expect another lower day today as all lithium stocks seem to be down O/N with PMET losing a bit of ground. Also spodumene has continued the downward trend in price.
I expect the price to go back to the recent lows, depending upon whether markets have another banking hissy fit or not. If they do then we could get some real bargains here under a dollar again. The future of course being very hard to see.
From my perspective I'm just waiting for another end of the world melt down to buy some more, whether it's a lithium meltdown or a general one. In my experience markets always over react, so I could miss the bottom. No real worries about that, as I already have a nice start here.
After Easter is when we start getting very regular updates on the size of the resource with 6 drills operating according to Blair in the last presentation, so size of this deposit will grow massively IMHO, which is possibly when we see real SP increases, assuming markets co-operate..
IMHO no need for anyone to panic about anything here, we have good management, a large cash buffer and are drilling up a monster in Canada, a prime place to operate a mine. Again IMHO people shouldn't worry about SP in the short term, just look at it as a chance to top up cheaply..
PMT Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)