I prefer to look at the facts rather than hope for best. Fact is that our new insto/soph investors have happily stumped up their 16 million dollars at .05 cents or 80 million dollar MC and we know they always try and demand a discount and we know they will expect a big return on their investment. This means they believe the SP is going much higher. This largely validates the recent SP trading range. Todays closing price is in line with the dilution that has occurred as a result of the raising which again validates the previous trading range. This a much safer Company now and the CR risk is over for the medium term. Still 25+ drill results to come from the current drilling program via Arcadia. Working 24 hours per day with 2 rigs. Cannot get better than that with 2 rigs. Next results expected anytime. Once due diligence is completed on the new lithium project we can expect the same from there as PSC are cashed up to accelerate the program. What it spells out is that as one drilling program ends, another is beginning at a new Project so there will be constant news flow for many months. As they are targeting historically productive high grade tenements, the chances of success are much higher than greenfields plays. Gold production is close so a fresh source of cashflow should be near on top of a staggering 16 million just raised. A few months ago this Companys MC was less than what they have just raised. Everytime I've seen this happen in the past the SP has gone onto much greater heights. PSC have a sound business model. Huge soaking today at .059- 6 cents. It is possible we will get other drill results come Monday. Lets hope they are good.
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Last
10.0¢ |
Change
0.004(4.17%) |
Mkt cap ! $56.99M |
Open | High | Low | Value | Volume |
9.7¢ | 10.0¢ | 9.6¢ | $7.251K | 74.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 759 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 144722 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 759 | 0.096 |
3 | 111876 | 0.092 |
2 | 70000 | 0.091 |
2 | 138000 | 0.090 |
1 | 5882 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 144722 | 1 |
0.105 | 58000 | 3 |
0.110 | 9886 | 1 |
0.115 | 43103 | 1 |
0.120 | 97796 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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