Crazy algo trading!These algo's are programed to read a market and execute trades that at worst gives them a penny or two on hundreds of thousands of shares. These algo's are not programed for short only market moves they are also programed for long plays. Unfortunately, the liquidity on these venture stocks leaves them susceptible to short attacks and generally happen on a Friday which is usually the weakest day of the week on level twos.
I know many are frustrated with the share price, but I do think there is an explanation for this. Look at the Lassonde Curve! PWM has one foot in the discovery phase and another in what Lassonde calls the valley of death. This valley of death occurs when discussions of production are being underway with no firm confirmations. This is exactly where PWM is sitting with discussions of a 2026 production goal yet no published MRE or PEA. The valley of death is seen as the absolute bottom on the Lassonde Curve and I am convinced PWM is sitting right on the bottom of the curve.
The other foot is sitting in the discovery phase and unfortunately the public has next to no understanding of the Cesium Market. As a result, you can put out assays delivering 3 meters of 15% cesium and the market does not react. If this were a gold assay, imagine 3 meters containing 15% pure gold the market would go crazy. Yet it can be substantiated that an ounce of cesium has a value of C$3700.
What I do feel could be the catalyst to the re-rating of the stock before an actual MRE and PEA is a deal with a major who precisely understands the value of Case Lake and the ease of putting it into production not to mention with its trifecta of minerals that would deliver an unheard-of cost of production. My belief based on Haydn's own words PWM is nearing that deal with a major strategic partner, and I believe it will be executed before year end. Let's hope I am right