Post by
lithomon on Sep 01, 2022 12:29am
Raff - Musk - PMET ($7.25 High) & Pilbara CEO on board
PMET, with former Pilbara Lithium CEO now on Board, is moving up like lightening, obviously taking investor dollars away from FL & likely CRE at this time. It happens!! Lithium remains a very small investor market. There is always a new boy on the block.....PMET drills 160 metres of 1.65% Lithium Oxide and stock surges to high = $7.25 and closed at $7.08 on massive volume.
Investors really getting excited about PMET's discovery & with Pilbara's former CEO now involved, investors likely banking that he will bring his well connected Lithium supply chain to PMET which probably involves Musk doing a deal.
Meanwhile, what's going on next for FL?? Is anything happening in meaningful way or is the FL group starting to think pushback even further for planned production ETA.
Rising stars like PMET are very good for "Peer" companies like FL. As a result of PMET's discovery success, new Lithium investors are attracted to this Lithium darling and in general, the Lithium commodity, and eventually as PMET rises to higher levels, $10 etc on the road to buyout, investors begin to realize the cheap, cheap, cheap FL share price in the LOW $2's and even cheaper is CRE in the $1's.
Comment by
Raff007 on Sep 01, 2022 8:22am
Guys Guys let's not be fouled by 7$ stock price.......FL market cap is at 514MM$ @ stock price 2.42$ - where as PMET market cap is at 612MM$ @ 7$ a share.....for me that's one of the value to assess a stock......but nonetheless FL as the grade and the quantity.... Let's wait for the PEA and investors response by end of october of this year.... Cheers
Comment by
FrankCowperwood on Sep 01, 2022 9:18am
I suppose people miss that on top of shares 89 mln outstanding they have 33 mln warrants and 7-9 mln options. That's roughly 130 mln shares fully-diluted and ~$900 mln MCap. As usual too much Canadian investors would like to ride the same wave of early exploration success. Good luck to all with it.