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Looks like a strategic capping between 36c and 38c! VWAP setup?...

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09/05/18

11:21

Post #: 32978035
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Originally posted by Paddywagon1982 ↑

Yes, I was just thinking the same. I was reading through a few old notes and documents that I had on altura and noticed that they have 16,000 hectares to explore plus southern ridge results due this month. It does strike me that management haven't hit the TO speculation square on the nose and point blankly refused the prospect of a sale. Indeed they haven't mentioned it again in over a month- silence is golden IMO. This tells me that whilst they wish to develop the mine and bring it to production the prospect of a sale/control transaction may allow them to focus on other areas such as exploration of the 160 Sq kilometers that they own. Hiring citi to to look at a potential sale process and/or other types of control transactions also supports this. I also won't rule out a significant merger between PLS and altura- sure they have different clients however, does this really matter- we are selling a standard raw material product and I don't think it poses that big of a risk to off take partners given that high quality availability of the product in the Pilbara. I also find it peculiar that the reserves adjoining PLS have not been included in ore reserves and also note the close collaboration and agreements between PLS and Altura on same as well as other infrastructure on the project- they appear to be a pragmatic bunch. I think a control transaction might come closer to home! If both PLS and AJM come on line at or around the same time I think we will have quality news flow on control transaction shortly thereafter! One way or the other somebody's hand will be forced. PS imagine the savings achievable by combing the two companies- is this the birth of a new mining Giant PLS_AJM. Speed to market for product/ financing of expansion possibilities etc etc- the list goes on. All I know is that I will literally go into labour if it came true! All speculation and wishful thinking of course

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Looks like a strategic capping between 36c and 38c!

VWAP setup? Deal done? TO price set?

Interesting times. Trading Halt very soon imo!

AJM Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $10.87M

Open	High	Low	Value	Volume
4.4¢	4.5¢	4.4¢	$8.208K	185.9K

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No.	Vol.	Price($)
2	77173	4.4¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	77173	0.044
1	50000	0.042
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2	43666	0.039

Price($)	Vol.	No.
0.045	61507	2
0.049	10000	1
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0.055	33390	3
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Looks like a strategic capping between 36c and 38c! VWAP setup?...

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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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Looks like a strategic capping between 36c and 38c! VWAP setup?...

Top Stories

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

AI stocks: What to expect in 2024-25

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Metalicity looking for offers on Admiral Bay zinc project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Talking Australia's very competitive property landscape: Realty Talks

Imricor raises $35M to pursue growth and expansion into Australia and NZ

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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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