Kwam zojuist een erg interessante zienswijze tegen die ik graag met jullie deel.
I think what people need to understand with this stock is that it is an exploration play. Like all exploration plays there is a fairly high level of risk involved, but that also means a very high level of reward. With stocks like this don't listen to people who tell you it is shit and is going to drop hard, they are likely shorting the stock and want people to panic and sell. Also, don't listen to the people (like me) who are telling you this stock is going to go through the roof, these people are long and want you to buy. The stock could go either way at this point, depending on how investors *feel* about it and what kind of investors are onboard. This is because until they verify the resource, there really is nothing to give this company value except idea and speculation of the resource.
That said, this is my take on PWM. You really have 3 stages with these types of exploration plays. The pre-hype, the hype, and the conclusion. The pre-hype stage started back in late January and started to drop off towards the end of February, helped drastically by covid, then started to recover towards the end of March. The hype staged just started around mid April and will continue until investors *feel* it is priced appropriately enough to balance risk to reward. You'll often see small pull backs along the way as investors take profit or like today when the whole market is pulling back. It should be noted that at any point investors may just decide it is too risky for some reason (ie. no new news) and pull out all at once causing a panic selloff and a big drop. The final stage, the conclusion, is when the company post some quantifiable results. In this case if they truly have a decent amount of cesium this stock will make its shareholders a lot of money. If they don't, the opposite will happen and fast. Hence the risk.
A couple things I have noted about this company. For the type of exploration company they are, their financial health is actually pretty good. They own 100% of the 3 mines. With China and the States not getting along so well, a North American cesium mine would do very very well. With total assets being about $5 million and total liabilities being approx. $650,000 they are looking pretty good. However, total current assets are valued at approx. $200,000 with total current liabilities at approx. $550,000; this means they could struggle financially in the short term.
My opinion is we could see this move to 0.70 - 0.90 in the short term and long term we could see 0.90 to 2.00. This is just an opinion though and definitely not trading advice.