There is an article on this in the AFR online. there were no...

There is an article on this in the AFR online. there were no shorts on PMT as of 3 July the latest data (ASX data only so excluded Canada).

One should always be dubious of such analysts - what is their expertise in mining and lithium exploration is a good question to ask.

A quick summary of the main points in AFR article is:

- Nightmarket’s main reason seems to be that the MRE will be a lot less than investors expect - based on their own modelling they expect a resource below 100mt more than 40% below other estimates.They state the 100mt+ market MRE expectation ran past what was supported based on drilling data which resulted in the company doing more drilling and delaying the MRE.
- the article contrasts Nightmarkets bearish view with bullish views from Macquarie (not sure I am right but I thought they were suggesting a 150mt MRE).
- they state that SP has been boosted by PMT recruiting an aggressive stock promoter, delaying the MRE and capitalising on buy out rumours. They also view the 2028 production date from the company as overly optimistic.

I have not purchased any PMT shares as I sensed I was too late to the party from March this year. The one thing that bothered me about the PMT deposit was it did not seem very wide and it would restrict the possible MRE. the despoil is obviously very long and has very thick mineralisation in parts plus very high grades in parts.

I do not have a view of what the MRE will be (too hard to estimate) and so I decided not to buy PMT at this stage.

GLTAH