PSC 1.01% 9.8¢ prospect resources limited

it will depends on who has been buying up the shares. I know...

  1. 1,061 Posts.
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    it will depends on who has been buying up the shares. I know Chinese companies have been buying stakes in companies ie iron ore, lithium, nickel and so on. they buy so they can pretty much get the first right in offtake agreements.

    I have no idea whether it will go down or not but what we raised is significant amount and we have to understand they are going to fast track the gold production and also the lithium by buying plants and equipments for the arcadia project. This is pretty serious if you ask me.

    The money would also allow us to go after more projects which would be value added. There are a lot of demand for lithium especially if its in production next year or early 2017 due to the battery demand. I am hoping they make the batteries cheaper and cheaper because I have got solar panels and at the moment, battery technology is too expensive to buy to store the energy so half of what the panels produce goes back into the grid.
 
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10.0¢ 7500 1
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