Ann: Salta Lithium Project Exploration Update, page-78

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insaf

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14/12/17

00:42

Post #: 29614610
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Originally posted by insaf ↑

All i know is we have 6 holes upcoming from december through to february and potentially more if assays are positive at Rincon. More importantly, unlike other companies exploring for brine, we have Salar Pular ready to proceed waiting for Rincon to be completed - prudent as it conserves cashflow. That makes more sense as to why PNN is waiting to complete Rincon and then move onto Pular even though it is ready to proceed now. Rincon was the jewel of the 2 drills due to it's nearology to Energi and AGY. Pular, however, is a company maker in itself and was the priority before the delay due to access and subsequent roadworks.
Let's get further updates and assays and this should be sitting at least closer to the mid to high 20s in anticipation of assays. if we garner more interest over the next few days, this should have a couple of days of 20 million plus turnover which should get it past the 5- 5.3 resistance levels. Thy buying imo e beauty of the last 4 days is that all indicators have cooled right off. Yes there is a gap there at 3.6 but any attempt to close will be matched by buying imo. Sub 20 mc still. Considering asn and is 26 mil (albeit crashing down hard - it's a paradox basin play not even commenced drilling) and lke which had a positiv update at 40 million which hit a high of 60 million post raising, PNN could be the quiet achiever with greater prospects at still a bargain price.
In terms of price action, bullish breakout with good volume. Now we need one of 2 things to Thurs/friday - further follow through volume that blasts through 4.5 and eventually retests 5 c or a low volume day with attempt to sell setting it up for the next leg of buying.
GLTAH.

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“Let's get further updates and assays and this should be sitting at least closer to the mid to high 20s in anticipation ”
Referring to mc in the millions not sp.

Last edited by insaf: 14/12/17

PNN Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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Ann: Salta Lithium Project Exploration Update, page-78

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Ann: Salta Lithium Project Exploration Update, page-78

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