Pure Energy Minerals Ltd V.PE

Alternate Symbol(s): PEMIF

Metals & Mining Industrial Metals & Minerals

Pure Energy Minerals Limited is a Canada-based lithium resource developer. The Company is engaged in the exploration and development of mineral properties. Its Clayton Valley lithium brine project (CV Project) is located in Esmeralda County, Nevada. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). The Clayton Valley Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. Its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprises 950 claims over 23,360 acres (9,450 hectares). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global multinational technology partners such as Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project.

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Pure Energy Minerals Ltd

Bullboard Posts

Comment by springinhetveldon Oct 06, 2016 11:31am

121 Views

Post# 25317279

RE:RE:RE:RE:RE:RE:RE:Price drop

Agree. But normally that does not cause such a huge price drop on low volume. Such a huge price drop comes from selling several times after each other at the lowest "ask" price. That is not what a "normal" seller would do.... This is clearly a deliberate selling to try and hit a couple of stop losses. If they are hit, they will buy back again at lower prices. Basically scooping up the stop-loss shares..

And just as I write this the SP jumps back up to 0.64.

However, this is not a "conspiracy". This can be one single player. These are small amounts of money any broker and invester company has lying on the shelve.

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