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Bullboard - Stock Discussion Forum Patriot Battery Metals Inc T.PMET

Alternate Symbol(s):  PMETF

Patriot Battery Metals Inc. is a Canada-based hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Corvette Property (424 claims totaling 21,715 ha) located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property hosts the CV5 Spodumene Pegmatite. Situated within the La Grande Greenstone Belt, the Corvette Property hosts significant... see more

TSX:PMET - Post Discussion

Patriot Battery Metals Inc > I am purchasing for tax loss selling this year ...
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Post by flush777 on Nov 29, 2024 11:20am

I am purchasing for tax loss selling this year ...

Just recently became aware of the stock and I did my  due diligence and I feel very good about this stock.
  1. Corporate presentation on company website, a 28 year mine and payback period is 3.6 years. THIS HAS GOT TO WOW ANYONE STANDING UP!
  2. I looked at analysts predictions and average say 400% increase in value.
  3. I talked to  the IR at the company, a plain spoken guy and just my type to install confidence in this investment.
  4. Lithium is really in the dumps but has surprisingly reversed itself very quickly and this could be a repeat.
  5. I am comfortable that this will actually be a mine.
  6. My major concern was the money going into mining lithium in South America without water and a significant reduction in costs, however, IR explained that this is an upgrade to existing processing techniques and company confident in its low cost.
  7. It would not be unexpected that a surprise investor elects to purchase a 20% interest in the company just to guarantee a future source of supply, given the drop in share price this would be a compelling entry point.
  8. After tax loss selling ends, I would expect a rise in the price of the stock in January.
  9. I have been accumulating between $2.35 to $2.63 but stopped buying since the price had went up significantly and waiting for a decline later today, MAYBE.
  10. The past few days we have had $1.5 million x 2 days of purchases, which tells me something. Today is much slower.
  11. The corporate presentation states that this is the largest lithium deposit in North America and it is quite important these days to have your mineral deposit situated in a safe jurisdiction.
  12. Yup, this stock ticks off all the boxes for moi!
  13. I am interested in a long term hold.
  14. A very nice chart for those purchasing at this time ... me thinks!


Comment by flush777 on Nov 29, 2024 3:51pm
OK, I finished my buying at $2.67. I sold all the junk in the family accounts and all into PMET. I will keep my fingers crossed here. Best of luck to all the longs. Flush777