@regalinvestor,I initially purchased PM1 at an aep of 1.7c...

@regalinvestor,

I initially purchased PM1 at an aep of 1.7c following Dr Stephen Grocott's appointment as CEO.

I sold my entire position at an average exit price of 4.7c, off the back of the excellent MOU news with LG Chem. A 176% profit on a large position size was too good to refuse and I have a rules-based system to taking profit.

I still strongly believe in the long term future of PM1 and I have now bought back in at an aep of 3.6c, with the share price cooling off a bit. I will continue to accumulate if the price peels off further. The lower the share price falls, the more I will buy, as I also have a rules-based system to accumulation. I think the share price will plateau at around the 3c to 4c range prior to the next leg up (5c+) as further milestones are hit.

There are a number of milestones on the horizon including completion of the pilot plant activities, DFS studies, further MOU and offtakes and eventually project financing. I think they will scale up the size of the project given the expressed demand from LG Chem, which will be another major catalyst for further share price appreciation. The PM1 market cap is a mere $25M at this stage at the current share price, relative to peers such as AUZ and ARL at $60M+.

I trust in the management of this company and speak to Stephen regularly. As to what has changed since the share price was last at 1c; new highly experienced management have been appointed; major validation of the project has taken place via the LG Chem agreement; massive changes in the proposed scale and profitability of the project have been put in place; massive advances in the nickel price have taken place and the demand/supply dynamics of the TECH project's outputs have strengthened.

All the best with your investing and good luck,

T.E.P.

P.S. I recommend using market index (or another tool) over google finance for taking a quick glance at a share price chart, the granularity on that PM1 Google Finance share price chart is appalling.