This all sounds well and good, but as a mum/dad type investor...

First 22 Last

Share
Profile

Follow
avexdevil

236 Posts.

19

23/01/23

14:49

Post #: 65833508
Share

Originally posted by b7667: ↑

Paul mentioned in the past that they need to reach at least 100mil MC to meet the requirement that institutions have before they invest in a company. PAM will probably need to get to this milestone with the retail crowd which is a challenge as they are flying unnoticed.

The next raise will likely to to fund the RK feasibility studies, drilling program at BIT and Kata Thong explorations. Agree that the plant construction raise won't happen until at least 2024 when PAM has their DFS and a higher share price.

My guess is that Paul is likely looking to line up great announcements all within a month or two to boost up the SP prior to any raise that will probably include one or more of these: the mineral resource upgrade, Kata Thong licences, new project applications, joint venture into CAM or lithium chemical production. Based on the timing of the mineral resource upgrade, it could begin late February as that milestone date is known.

I'd like to get more PAM but can't redistribute yet. Unless I can get my AVZ money to redistribute a portion but that has been in a trading halt for a stupidly long time.

Expand

This all sounds well and good, but as a mum/dad type investor who’s taken a risk and punt on PAM, I just hope whatever milestone they set out to achieve this year would at least allow the SP to cross the 70c mark by the end of 2023…

My fixed interest home loan is gonna expire and the capital I’ve put in PAM would be much better off offsetting interest in this ever increasing cash rate environment if it’s going to sit around idly under 40c. I still see the potential in PAM, it’s right there before all of us, but if the sweet IRR trajectory is plotted out for 3-4 years when my strategy involved cashing out in 1-2 back in 2021, this may prove a problem for my personal investment goals.

PAM Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply