When shorts need to start a thread you know they are worried.
ASX is the undisputed global home of lithium stocks and valuations for them. Canada is a laggard on Lithium. Johnny come lately to the sector and Industry but oh what quality they have and closer to Detroit.
TSX was smart enough not to push this down much on Friday night accordingly and not replicate the fall on the ASX bc PMET Is half the value of Sayona and a mere 1/3 of AVZ. It's one of the most undervalued companies on earth in still a very hot sector. It should easily exceed both AVZ ans SYA.
Given the size of their find....50km long ? How many hectares of high grade Spodumene in that I wonder ?
Shorts may be basking given the -36% fall on the ASX friday but with TSX barely falling overnight this can add back 36%+ in a day just as easily as it fell....so dont get too cocky.
When mkt smells the coffee and sees this vs AVZ and SYA and says holy shit this is cheap as chips for the quality and massive size of the find and quality of the management team now with KB on board.
Perhaps Wall St might know him better as the founder and CEO/Chair of Pilbara Minerals only a $13bn Hard rock and Identical PMET company and now he is heading PMET. Markets love him because he knows Lithium and delivers BIG projects. The project just became bankable and thats re-rating time.
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