I too find it staggering that PatersonsSec is holding at a $1.80. In what scenario does this stock re-settle at $1.80? Starting a new plant from scratch is hard work but this is always a timing issue when it comes to brine. The will continue to get better at quantum and quality of production.
In the past PSL have been good supporters but as pointed out above they lost their relationship to Cannacord. PSL also lost their specialty metals analyst who formally had coverage of ORE. There was nothing wrong with the $1.80 call pre-capital raise (it went to $1.30?) but it needed to be updated when it become clear they had the capital to work their way out.
I also note with a little humour that PSL issued a "lithium report" on the 20th Jan that covered off NMT and GMM, also a little mention of RIM, MIN and GXY. Not a mention of ORE to be found. Why would you, only the world's 1st new brine product in 10 or 20 years, listed in Au and you've raised capital for them 4 or 5 times.
ORE Price at posting:
$2.93 Sentiment: Buy Disclosure: Held
