You forgot; 1. The whole HPA sector has tanked on the back of...

You forgot;

1. The whole HPA sector has tanked on the back of the lithium bubble. How much lower can it go? Lith stocks appear to be starting a recovery.
2. Only $900k in the bank so expectation of a cap raise (even though unlikely with pending gold sale)
3. Tolga stocks tanking. Plenty of retail bought the hype earlier this year and are cutting their losses.
4. ATC is floundering with their finance. This is a big one IMO because investors generally look to the “leader” when gauging the sentiment of the sector. I sincerely hope ATC get their sh:t sorted and move ahead with the project rather than trying to distract the market with patents.

None of these are necessarily a reflection on PUA. I don’t mean to sound like a blue sky baggie (even though I currently am one) but the bottom line is that HPA demand is going gangbusters and we have a real project with confirmed solid economics and only upside from here. There are companies trading on the ASX firing a few drills into a plot of dirt looking for Li or Co with an MC double or triple PUA. Sometimes the market isn’t always right.