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Bullboard - Stock Discussion Forum Pure Energy Minerals Ltd V.PE

Alternate Symbol(s):  PEMIF

Metals & Mining Industrial Metals & Minerals
Pure Energy Minerals Limited is a Canada-based lithium resource developer. The Company is engaged in the exploration and development of mineral properties. Its Clayton Valley lithium brine project (CV Project) is located in Esmeralda County, Nevada. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). The Clayton... see more

TSXV:PE - Post Discussion

Pure Energy Minerals Ltd > Run-up in Share Price on "No News"
View:
Post by davgro on Jan 21, 2021 7:47pm

Run-up in Share Price on "No News"

I suspect that the recent run-up in share price on no news is a prelude to a pending bought deal or best effort financing.

The company only had cash of $215K as of their September 30th, 2020 financial statement.

Last quarter's (ending December 31st, 2020) cash burn will eat into that and necessitate some form of financing to continue drilling at their Clayton Valley lithium project.

JMO....I would hold off any future stock purchases at this price level and wait on the financing news.

https://www.stockwatch.com/News/Sedardoc/4691223.pdf
Comment by cyber37 on Jan 21, 2021 10:23pm
This thought also crossed my mine.  Still nice to see PE shares taking advantage of Lithium being ‘fashionable’ & in play; all lithium producers on my watch list are up nicely today. Other possibility is that major players like Albemarle or even Schlumberger are looking to monopolize this market by consolidating (taking over) number of start-ups; this includes Tesla or other EV makers. If ...more  
Pure Energy Minerals Ltd