PUR 20.0% 0.2¢ pursuit minerals ltd

the selling is imo, either desperation, stupidity, or...

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  1. 14,796 Posts.
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    the selling is imo, either desperation, stupidity, or disenfranchised holders who didnt buy into this for a long position in Vanadium.

    If these sellers, and there is only a minority of them compared to the registry, want to exit then thats fine.

    Buyers, wont need to step up higher lines, until the stupidity is over.
    Perhaps there are some traders who expect it to run harder having discovered its discount to peers?

    But, lets consider that holders have their wagons full, and it is up to the next tier of buyers who are waiting on the sidelines for confirmation of jorc, before they pull the trigger perhaps.

    We are on course with a good compass, and strategy, its just a matter of waiting for these events to come together, jorc , scoping, and then it will be measurable to peers, and marketable.

    TNO are a mc of 21m, in South africa.

    PUR a mc of 4m, in Finland, Sweden.

    By that metric, imo, we are the ones who ought to command a premium. Similar strategy, except that our mineralogy is in unweathered magnetite, which makes processing simpler.

    It is an absolute no brainer, speculative buy imo, if you take the bet, that historic drills will be confirmed and extended into a jorc resource with our additional drills.

    If you want to sell today for 4m mc, perhaps the bear market has chewed you up.
    But even beared peers suggest even TNO is worth 5 X our price.
 
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Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $7.270M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $8.573K 3.786M

Buyers (Bids)

No. Vol. Price($)
54 55488336 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 15705345 14
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
PUR (ASX) Chart
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