RE:0.29 cents by next weekI've invested a not so insignificant amount in this company and the news releases to date have been fine for an exploration company..
There is an abundance of lithium on the planet, they need to prove they have significant volumes in place, they need to show they can extract it cheaply and can raise the funds to go operational and create profits for their shareholders.
Announcing lithium finds means very little to the market. The market is interested in volumetrics and feasibility studies, funding programmes etc. I'm not sure what the timescales are but it would be good for the company to give shareholders an inidcation of what they believe the timescales are. The current corporate presentation is all geology and cost which is what you would expect from an exploration company. There's nothing about timescales and direction which is poor. The real wealth will commence when they transition from an exploration company to a production company
This is definately a long term hold for me. The results of the current work with lithium extraction will be very interesting and I believe this will be very positive for the company and the industry as a whole.
Until PWM start announcing something that is financially tangible I don't see massive rises from it's current levels.
Coop