Post by
trader53 on May 06, 2022 11:45am
Time to back up the truck?
When I look back into 2021 PWM was trading at .19 to .21. We were told that PWM had made the decision to further explore Case Lake specifically for Cesium. The Company had no cash and over 100k in accounts recievables as a result of loans from the insiders. Forward into 2022 PWM have signed a deal with Sinomine which includes a 100% offtake agreement, they have raised $3,000,000 and have just recieved their permits to drill in 2022. They recently announced they are in the process of applying for an advanced permit to mine Case Lake. I would expect that we will soon be updated on the drilling plans which i suspect will start in a couple of weeks. As I pull up the market on PWM today I see that it is trading at .23 yes a couple cents higher than 2021. Thats why I ask is it time to backup the truck? GLTA
Comment by
JimmyC on May 06, 2022 7:02pm
I increased my position 25%. (my 6th purchase, which started at $.07 US market. That's when mgmt had warants at $.10. Now Sinomine has them at $.40 - HELLO!. I realize there is the currency difference but I'm comfortable with the spread at the prices I purchased).