Anyway have you all noticed that the Sinomine’s (a major PSC investor) share price in China increased 10% yesterday as It successfully took over Dongpeng New Materials Limited Company, which is a main wholeseller of the minerals for lithium batteries in China? If my memory serves me well, the deal is 1.8 bn RMB ( about 360m AUD) . Personally speaking, this has increased my confidence that the final financing will be finalised very soon and the PSC production should be on track, given the demand in China. All IMO. GLTA.
PSC Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
