This is speculation. I'm wondering if there is no update on the delay to the JORC mineral resource since it is a short delay and news is imminent. Delays are likely on Grant Harman from Lithium Consultants who are late with their report. Only time will tell.
Paul mentioned in his latest video in May that there are no black marks they know of regarding the mineral resource or metallurgy. Mineralisation at surface allows an open cut mine and what they have heard from BGRIMM is good so far. Just very slow progress is keeping a cap on the share price.
The Ministry of Industry (MOI) and Department of Primary Industries and Mines (DPIM) visiting PAM in May is a very positive sign that their licence applications will be supported as they need the lithium in the Thailand supply chain.
Flagged by Paul as upcoming in 2022 from the Samso video (noting that delays have been very persistent with lab delays, covid and DPIM)
- Reung Kiet Mineral resource
- Reung Kiet Mineral resource upgrade
- Metallurgy updates
- Scoping study
- Bang I Tum drilling start
- Reung Kiet expansion
- Kata Thong approvals and drilling start
- Updates on discussions going past lithium chemicals to more value add areas - producing a lithium chemical and then joint venture into other production with CAM (Cathode Active Materials) manufacturers
A lot of lithium stocks are down today on the Goldman Sachs report that there will be a huge correction in the lithium price. Questionable intentions. Interesting space to watch and may mean any good news may not have much share price impact in the short term.
(20min delay)