PSC 4.17% 10.0¢ prospect resources limited

Ann: 16 Drill Holes Completed at Arcadia-PSC.AX, page-36

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  1. 317 Posts.
    We've seen a relative leveling-out in PSC when compared to past weeks. The market in general has been in a snooze the past few week and we've seen a number of lithium juniors and explorers falling in price at a gradual rate or just plateauing. We've seen the support levels for PSC at 5.4 recently and at its lowest 5.2 a little while ago. Safe to say PSC will be sitting in the 5s until we see the next ANN - unless the market starts to have a sniff of something then it could run again. Long term this will be a monster. Hugely cashed up from Chinese and other soph. buyers with an aggressive mining strategy. The Chinese won't want this falling below 5c and as soon as the price gets remotely close to that mark the buyers start piling up. PSC has Gold and Lithium plays and could look to diversify their portfolio into other minerals /metals if the right project comes along.

    Management is full steam ahead and not playing any games. We'll be seeing multibags from here - I would hate to not be on this train when it leaves the station.

    As always this is IMO and DYOR.

    iDooze
 
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