This is sensational.
Note this is only 1 of the multiple Va packages they picked up on the 12-April announcement.
IMO the market has overlooked PUR & the volume over the last month has given stale holders (or holders steadfast on Zinc only) the opportunity to exit.
The EV is c. 4m down here & they have sufficient cash reserves (c. 2m) for the time being.
As more & more results come out of the Vanadium package, the SP will continue to re-rate.
I would love to see a fresh investor presentation highlighting the new Va packages given they've now had a month to review them in depth.
Some similar Va peers on the ASX are comfortably trading in the 30m mkt cap range... for PUR that puts it at around 50c
I feel the worst is behind us.
Ann: High Grade Vanadium Mineralisation at Koitelainen V Prospect, page-3
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.256M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $2.043K | 20.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 94088 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 77863 | 4 |
View Market Depth
| Last trade - 10.06am 27/12/2024 (20 minute delay) ? |
| PUR (ASX) Chart |
