Anyone see this? Thoughts? Patriot battery report, page-50

There are some valid points in the report.

They make it pretty clear they are short. And given it came out the same day as the $2.07 was reached they’ve probably already made plenty (assuming they opened the same day).

Although there is quite a bit of confusion to be had as well. Talk of warrants being exercised and flood of shares providing an overhang. Doesn’t go into the cash that will come in to their coffers as a result. Doesn’t reference all of their pegs. As above they have cherry picked results to suit their narrative. Bulls have done the same to get the SP higher as well.

They didn’t touch on the processing which means they can’t argue the information from earlier this week or that the report was written prior and released to take advantage of the high SP. (One may suggest the later).

It looks like it has been timed perfectly in that it would be easier to refute the claims post the MRE (assuming the company sticks to their slightly adjusted July timeframes).

With all of the talk of a suitor. It would be in their interests to try and suppress the SP as well.

The MRE will be quite telling.

Euroz provided a guide for valuations of $80-120 million for each 10MT of potential resource.

At 100MT PMT should be valued between $800million to 1.2 Billion AUD. Clearly it is higher at present suggesting perhaps an initial 120-140 MT MRE.

If it is higher there is potentially more upside (and vice versa) And although there has been some delays in the MRE release they have for mine been valid, trying to understand what they have at hand. I’d like to see a good size indicated resource. The drill has so far not really failed investors!

The MRRwill also greatly assist the market to value the company and rebut or reinforce the figures in this report.

There is also a massive drill campaign to look forward to. So we should see inferred resources firmed up in quick step.

I saw someone compare this to the LKE short attack. I don’t thinks it’s anywhere near as strong as that one proved to be.

Good luck punters.