PUR pursuit minerals ltd

Can you elaborate some more on your sentiment? I don't fully...

  1. 21 Posts.
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    Can you elaborate some more on your sentiment? I don't fully agree with this as looking at the company they have achieved milestones set out. The wages they are on are frankly industry norm from what I can gather looking at other ASX listed companies in a similar position of market cap and cash on hand.

    The lithium acquisition is coming up on 2 years in March where in this time frame they have delivered over 1mt of resource and stood up a pilot plant which is about to start producing Lithium. From my other holdings it took GLN and AGY close to double the time frame to do the same thing or similar. AGY has gone from a 1bn market cap to $40m in the same time frame. PUR raised money and executed on the plan presented delivering some great results. If you compare them to other Lithium plays they have done the same thing or more for less money than their peers. Most juniors have drilled 5-15 holes. They have 2 with more resource and higher grade than AGY. The trading history and in particular the top 20 has seen the exit of holders related to the brokers who did the original. Looking at the trades most days, its very small volume that brings the price down. PL3 recently announced a massive resource and it went up and closed a few days later lower than prior to the announcement. The last raise bought in some smart money. If you look at announcement on 7 January 2025 it shows Dave Hannon the former chairman of LPI at number 2 who I assume came in on the last raise with Alpine.

    They have delivered some great progress in a very tough market where there is not much success, so how has it been poorly managed? Where could they have done better? How is all now lost?
 
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(20min delay)
Last
6.1¢
Change
-0.005(7.58%)
Mkt cap ! $6.255M
Open High Low Value Volume
7.0¢ 7.0¢ 5.9¢ $24.80K 372.8K

Buyers (Bids)

No. Vol. Price($)
1 8064 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 5000 1
View Market Depth
Last trade - 13.49pm 30/07/2025 (20 minute delay) ?
PUR (ASX) Chart
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