Lots more upside to with PMT...especially now with all moving averages converging together (more or less)
.I sold off my SYA & PLS recently to invest into this rare tier 1 with Ken Brinsden. Macquarie bank involved& Analysts have been on site in Canada.
Location,location in Quebec is safe with cheap electricity, roads etc.. U.S. govt.'s IRA agreement will subsidise Canada & fast track permits for mine development...4/5 rigs drilling flat out on Corvette with maiden resource by june qtr.... Also now that AVZ is being stolen by chinese.(AFR articles on friday) ..could make PMT the next largest deposit in world.. .AVZ had market cap of $4.8 billion a year ago ...I held shares but luckily out at $1.20 b4 trading halt.
IMO PMT has lots more upside . than producing mines..
plus I'll trade this one on its way up to give me an interest... SYA, PLS,AKECXO are fully priced .. I was holder of SYA,for ages but PLL piedmont has this partnership offtake agreements which pays SYA only $900 a ton for years....so how can SYA make any profits ? The market now is aware of this..... thats why shorts (nearly 10%) sell it off so quickly imo.
Anyway watch out for a Lithium sector sell off on ASX 200 tomorrow......coz .in U.S. friday big producers ALB,SQM.LIV PLL all down about 10% (PMET.tsx down friday nite..5%)... .Reuters reported that CATL selling batteries at a discount to their EV car manufacturers...details on the PLS forum.. .cheers captjohn Arghhhhh!
PMT Price at posting:
$1.53 Sentiment: Buy Disclosure: Held
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