Post by
lifegoeson on Oct 22, 2022 11:45am
I love the chart on SPOD.
If you like playing thin stocks, then Spod Lithium is the one for you. Just look at the chart, hardly any trading suggests the stock is tightly held. When EEE (the former company) increased its land positin near Patriot by optioning Megali project, there were only 21 M shares outstanding. They raised $2.7 M, then changed their name to Spod Lithium (SPOD) there is now about 46 M shares.
In a press release last week, they indicated they have engaged Dahrouge Geological Consulting Ltd. to carry out an initial exploration program and continuing geological services on the company's Megali and Lithium Grande 4 properties in the James Bay territory in the province of Quebec. Dahrouge Geological has confirmed experience in the area and has a well-established operational capacity in James Bay. Both the Megali and Lithium Grande 4 projects are adjacent to Patriot Battery Metals' project, and less than 2.7 kilometres south-southeast (Megali) and less than two km south (Lithium Grande 4) from Patriot's newly discovered Corvette lithium project.
Chris Cooper CEO stated: "We are very anxious to move forward with our lithium projects. Numerous targets have been identified by Japosat and the CV13 pegmatite cluster found by Patriot last month is located only 1300 metres from our project."
Patriot Battery Metals (PMED) trades over $5. Impressive results, "0.97 per cent Li2O (lithium oxide) over 104.5 metres (124.7 m to 229.3 m), including 1.52 per cent Li2O over 51.9 m (CV22-052)".
Another quote from a previous release, ..."... A spectacular concentration of sub crops and boulders occurs on those claims. They all appear, as in case of the north area, in whitish to bright cyan colours on false infrared satellite image...."....