PMT patriot battery metals inc.

Li sector, I feel, is in a most crucial phase, in the next few...

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    Li sector, I feel, is in a most crucial phase, in the next few weeks. There was a boom till 2022, than bust till 2024 - what next?. We don't know. Most are taking a stab on emotions. Also based on whether they have exposure to the sector.
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    Whether we like it or not, the Li sector story is a horror movie plot. Lots of stocks made 100s or even 1000s of percentage gains. Stocks with a price of 2c reached 40c on euphoria - a 2000% gain. What happened next? It came back crashing to 2c. So what happened in the journey. Some made money. some lost. And some are back to where they were. I don't like the plot. Somehow. I try to exit on a small weakness. If one reads thru my posts, on most Li stocks, either I am not holding, for very, very long time. Then I get excited. I buy. Then I exit soon, because it does not live to what it tried to say. so not good experience in over 2 years. I follow every day. I write every week. But I go with my head rather than my heart. My head says, mostly stay away from the sector. It could change. But has not changed yet. So you wait. So I wait.
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    PMT has done nothing different that it needs a separate treatment. So most probably, it may play the sector. I am not playing anymore, but I know a lot of posters who are playing. I wish them and all holders well.
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    This is what I wrote in my Weekly Report for Li sector on SYA thread, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts as I post the Weekly Report on one thread.
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    • Lithium Sector overview - The sector has again gone into a confused state. In early September, most of the Li stocks all over the world made their new 52 week lows. Then a revival happened. Some fuelled by spot price increase, which was not much. But others by acquisitions. That changed the sentiment. Sometimes sentiment is much stronger than economics, in share markets. That sentiment and changed conditions gave rise to Li stock prices. Many rose more than 50% from their recent lows, some even up to 80%. There were some who gained only 30 to 40%, but it was still a gain. All was going smooth. Then previous week signs of confusion, jittery. This week it has continued to be same state. So the reversal that was happening has been stalled. A pause. It is not yet negated. Most stocks are still 30 to 40% from their lows, some have reached down to 20%. But a question mark has been raised. At this stage, I have no clue. I am no expert though. I feel, and again just a gut feel, is that we may hover over here for some more time. We may go slightly up or slightly down, but huge change may not happen immediately. Usually in uncertainties, stocks drift down slightly, so that could happen. I have nearly exited the sector, playing small now, 2 weeks back I was mostly playing Li sector, now have rotated to U sector. Although this is my thinking, I believe in following price action rather assuming and sitting on it. So things can change, sometimes quickly. I will also change when that happens. Till then I wait. This is my reading, but please dyor as I could and have been wrong before. ALB has to get over 106 and Ganfeng 36/37 level, for good confidence

 
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26.0¢
Change
-0.020(7.14%)
Mkt cap ! $140.2M
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