Pure Energy Minerals Ltd V.PE

Run-up in Share Price on "No News"

[davgro]

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

[cyber37]

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