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0.3¢ pursuit minerals ltd

Ann: $2.5M Placement to fund Rio Grande Sur, page-8

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dge17

161 Posts.

38

17/06/24

18:40

Post #: 74357148
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Originally posted by Io: ↑

Prior to the acquisition of the lithium project in Argentina the PUR share price was around 2.6c based upon the gold and nickel projects in WA. Now a bit over a year later PUR has completed a capital raising at 0.3c, so nearly a tenth of what the share price was before the assets in Argentina were acquired. I think the assets in Argentina have the ability to create real value for PUR, but management clearly has not convinced the market of that in the last year. Therefore, management have got to do a much better job in promoting PUR and stop the churn in the shares. They need to give the investors who came into the last capital raising a reason to hold and acquire more shares. PUR said that the last capital raising was heavily over subscribed so they need to demonstrate that by getting some support in the market. In the next few months PUR has got to get the share price moving up again, as the last 12 months have not exactly been stellar.

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Very good points all round. Hard to stop the churn though when there’s damn near 4 billion on issue….

PUR Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $9.088M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	62940	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	62941	1

View Market Depth

No.	Vol.	Price($)
1	62940	0.003
56	57978414	0.002
25	55089339	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	62941	1
0.003	37079310	26
0.004	44034273	27
0.005	16594504	17
0.006	12026183	5

Last trade - 08.40am 16/08/2024 (20 minute delay)

PUR (ASX) Chart

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