oz back as little as 3 weeks ago with a SP of 27c your sentiment was different. What changed?
It was either incorrect sentiment back then or it is now. I do not see AJM as anything like expensive, in fact they are starting to look cheap in comparison. If AJM from 1.4 to 28c is a big move so it 3.8 to 69c for PLS. Sometimes it's about changing sentiment to what we hold most of ...
April 17th 27c
Trent, in the next 6-8 weeks, all the 2c options will have to be converted, that is close to $3m coming into the company, so cash is not going to be an immediate issue. With raising for the mine a way off, they can afford to wait a little longer and probably until after some exploration hits to do a cap raise for the mine.
The price should be much higher by then, as an exploration hit will see the SP go up massively because of the blue sky effect. The simple fact that they are drilling where they know there is more spodumene is irrelevant. A spodumene hit in the current market is big news, and both here and next door are going to happily surprise shareholders on that front.
27MAy at 27.5
What I find interesting is the demand for Altura shares has been insatiable, but there has been no sub holder notices, showing new large holders.
To me that means a lot of smaller holders ave been buying in while the big money just is sitting on their profits waiting for mining.
Is Altura worth 1/2 of PLS? I think not, but it is more because the neighbour is underpriced than this is overpriced.
While I think in the medium to longer term AJM is going to go to $1/sh, I think the neighbour will go higher than $2, IMO above $3.
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