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Pure Energy Minerals Limited (PEMIF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0944+0.0005 (+0.53%)
At close: 3:59PM EST
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  • T
    Tom
    Currently valued at $34 mil. The company claims to be able to produce at least 10,000 LCE a year with over 280,000 in reserve now. This is quite significant since most countries produce under 15,000 ton a year. We know their cost at just over 3,000 tons/year. What's LCE going for now like 4,000? 4 years ago with LE up around 14,000 ton this stock was worth about $10-$14 on a buyout. Put yourself in the shoes of a big player now and you can value this at $4 fairly conservatively. There are rights and that this is the U.S's lowest cost producer of Li. With outlook on LE prices to balloon again now is the time to make your move in the mining portion or you risk paying substantially higher prices. A patent on producing the lowest cost Li might be worth as much as the valuation. Anyone care to chime in on the valuation? Pall parking numbers with more tests in the books over the past few years and we still should be up around $7 or so I think on an offer. The Board needs to bring their A game to the negotiating table during the next zoom meeting with SLB.
  • G
    Giacomo
    Spearmint expecting to get their drill results from Clayton valley in the next week or so. Right now just under 5c US.
  • J
    John
    As of 9/20/2020 PE had cash of -$16k and zero income. More share will need to be sold to keep the lights on.

    https://finance.yahoo.com/quote/PEMIF/balance-sheet?p=PEMIF
  • G
    Greg
    For the 6:1 share consolidation, I received the equivalent of $0.465/share for my partial share cash in lieu which was well below the trading price on Nov 23/24. Not a big deal as we are talking <$1.
  • A
    Albrant
    It’s PE that is consolidating , the company needs to have lots of room at the Top for institutional buying . It means PE is going to stay partnered with SLB for a while more, eventually PE will be bought by SLB is the simplest but this market is Huge, there is no telling what could happen after the Mine is extracting from the deep Brine . Albamarle will also be extracting brine using the same process , out of the same deep Deep wells.
  • B
    Big
    Share Consolidation refers to a reverse split. In this corporate operation, a number of shares of stock become merged together into only one single share. These share consolidations can take place either in the forms of reverse stock splits or as stock share funded buyouts. PERSONALLY I THINK A BUYOUT is posisible. ALL SPECULATION OF COURSE but this company is perfect candidate... they are in the perfect place at the right time and tesla is looking to vertically integrate..and has been shopping around
    Bullish
  • L
    Lobo
    CONJECTURE, but BIG got it right......Hey, I sometimes buy a lottery ticket too.
    Mergers and Acquisitions
    A company may announce a reverse stock split in order to carry out a merger with or acquisition of another company. A company's articles of incorporation limit the number of shares the company can issue; a common practice of company buyouts is to issue new shares of the acquiring (or new) company to the shareholders of the company being acquired or merged out of existence. If the buyout or merger means the company would break that limit, it may carry out a reverse split to reduce the number of shares it has on the market. An example of this was Duke Energy announcing a one-for-three reverse split for its 2012 merger with Progress Energy. The reverse split allowed Duke to keep within its legal limit of 2 billion shares outstanding.
    While Musk might be the preferred player by many here, SLB has been cozying up for a while.
    Tis the season to dream.
  • t
    tanveer
    not sure about everybody else but im holding this purely on speculation and as a lottery ticket
  • a
    anonymous
    If anyone has any update on the SLB contract or Tesla terms please post! Maybe there hasn't been an update and we are nearing one.
  • R
    ROBERT
    I like the consolidation. The stock will look more appealing. I think the plant operator is responsible for this move. I think we are getting ready to break out.
  • A
    Albrant
    That difference has to be adjusted between the Toronto exchange and the nyse. Canadian dollar is different . Yes it is good to see but it’s not adjusted , Got to just follow along for awhile or get cash to add if possible .
  • R
    ROBERT
    Took some profits today. 🙄
  • J
    Jake
    Conversion pricing went thru. was a positive move.
  • S
    Steve
    more insiders selling! yep good things coming 😆 🤣
  • N
    Nicholas
    what is happening here? Bought shares at 0.13 on Nov 18th...now in my portfolio this stock is a "non-quotable security"? Can't do anything with it
  • A
    Albrant
    Today could mean one has missed the boat for any kind of a big buy opportunity, I think that the case ..
  • L
    Lobo
    This is NOT a reverse split, this is a consolidation.
    Now, don’t you feel better?

    BTW, if anyone knows the difference, I’d love to hear it.
  • T
    Tom
    So $SLB is going to throw $18 million at this for the pilot plant and probably in January as an update to the contract. Anyone disagree? How will financing take place?
  • F
    Frio
    Please send a link to a quote on this. I am not getting anything?? Thanks.
    Bullish
  • B
    Big
    DOES ANYONE ELSE NOT SEE A SIMILARITY BETWEEN ELON MUSK'S COMMENTS ON THEIR "NEW EXTRACTION PROCESS" VERY SIMILAR TO THAT OF PEMIF...WEIRD BUT TRUE...HE MENTIONS REINJECTED BRINE INTO GROUND...AND MINIMAL USE OF WATER... AS WELL AS OTHER PROCESS SIMILAR TO OURS...JUST HEARD BACK FROM IR AT PURE ENERGY AND THEY MENTIONED THAT "Our partner(SLB) is moving along the engineering and permitting of the project. We hope to have more news from them soon."