PMT 0.00% 43.5¢ patriot battery metals inc.

Ann: Patriot Battery Metals Commences Trading on the ASX, page-33

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  1. 17,036 Posts.
    lightbulb Created with Sketch. 3251
    Why is anyone surprised PMT is up 100% ?

    PMT asx listed ipo at $60mil now up 100% so its become $120mil market cap x 10 = AUD$1.2 billion market cap as this is CDI 10:1

    This is merely getting aligned to it TSX listed market cap PMET is at CAD$8.54 with 131mil shares on issue that is CAD$1.12 billion market cap or AUD$1.23 billion market cap.


    If PMT does not get aligned to PMET tsx values there will be an arbitrage difference for traders to exploit.


    https://hotcopper.com.au/data/attachments/4896/4896802-2250a6165db083bcf9cbf156faa85177.jpg

    https://hotcopper.com.au/data/attachments/4896/4896788-d72104d737e2d84bb2f5004210f0c357.jpg

    https://hotcopper.com.au/data/attachments/4896/4896791-721aacd5e5883d8508a11d1c8374cd5f.jpg

    Last edited by kevin103: 07/12/22
 
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