6:45 am Pacific
Pure Energy Minerals (PE, TSX-V), which has tripled in value since we introduced it to our readers in July, was halted late in yesterday’s trading session, and this morning announced a deal with Tesla Motors Inc. for the potential supply of lithium hydroxide that Pure Energy plans to produce from the company’s Clayton Valley Lithium Brine project in Nevada (a Preliminary Economic Assessment, Pre-Feasibility Study or Feasibility Study will need to confirm the technical feasibility and economic viability of the project).
Certainly excellent news for Pure Energy as it continues to aggressively advance this project in a highly favorable jurisdiction. The agreement establishes a commitment for an annual purchase volume of product over a period of 5 years by Tesla and/or its authorized purchasers, and also sets a predetermined price that is below current market rates and is aligned with Tesla’s goal to continuously reduce the cost of its lithium ion batteries.
Below is John’s latest PE chart (2.5-year weekly). Yesterday’s close at 80 cents confirmed a breakout above the Fib. 75-cent level.
PE resumes trading at 7 am Pacific.
Note: John and Jon do not hold share positions in PE.
Great news for a great little company!PE will shoot up from here.ABR should follow in its footsteps for a few days,possibly to .06-.09
Comment by robinandthe7hoods — September 16, 2015 @ 5:50 am
so much for eqt doubling before pe. Congrats to those who bought PE. YOU IN DA MONEY HUGE!!!!
Comment by tony T — September 16, 2015 @ 5:51 am
I prefer DJI.V more than ABR.V. Nice looking Chart as per BMR.
Comment by George Charocopos — September 16, 2015 @ 5:53 am
Hey Jon, What do you think of the chart on BBI.V? Worth looking into?
Comment by George Charocopos — September 16, 2015 @ 6:05 am
ABR chewing through shares.Should hit .03 today.Weekly chart says lots of room to go.
Comment by robinandthe7hoods — September 16, 2015 @ 6:08 am
John can weigh in here, but it has firmed up and is trying to get above its 100-day SMA for first time since March. If energy plays pick up in Q4, BBI could do well…let’s see how it performs the next few days. I like CRS a little better as a short-term trading opportunity.
Comment by Jon - BMR — September 16, 2015 @ 6:10 am
Jon, do we continue to hold DJI.V at these levels?
Comment by George Charocopos — September 16, 2015 @ 6:14 am
Tony – now now. PE did not hit $1.06 yet, and remember EQT hit .22 yesterday, 2 cents from the .24 – Neither stock has hit the mark yet.
Comment by dave — September 16, 2015 @ 6:18 am
BBI….There is a Resis. band at 19c – 21c. This should be a good test of its strength.
EQT…..My FIB Resis. level is 23c. It came close yesterday.
Comment by John - BMR — September 16, 2015 @ 6:32 am
Are some of those PE profits going to start flowing into GGI and DBV. .?
Comment by Les — September 16, 2015 @ 6:38 am
BMR, what do you think of SEI.V?
Comment by 02charoc — September 16, 2015 @ 7:22 am
WRR – news out. If they can knock out that .03, they should move up some.
A lot of interesting stuff going on right now.
Comment by dave — September 16, 2015 @ 7:24 am
WRR and GGI are starting to wake up!!!!!!
Comment by John - BMR — September 16, 2015 @ 7:30 am
Spoke with Michel of wrr this morning, they will be drilling for mouth, contractor on site this week end! Drilling to start next week
Comment by Martin — September 16, 2015 @ 8:21 am
And result will be good!! Only about 8 millions share of free trading
Comment by Martin — September 16, 2015 @ 8:23 am
Dave Could you post the link to wrr news?
Comment by Martin — September 16, 2015 @ 8:25 am
Ya John, and it looks like maybe the PP filling on second one might be done on EQT. It’s bids are building again. Won’t be long.
Comment by dave — September 16, 2015 @ 8:30 am
If EQT closes at .18, that would be a strong hammer and primed for tomorrow. Lets see how it pans out.
Comment by dave — September 16, 2015 @ 8:32 am
PE now in the red. Wtf?
Comment by Sameer — September 16, 2015 @ 8:46 am
PE was way overbought Sameer
Comment by dave — September 16, 2015 @ 9:08 am
PE – the people in early are taking some profits. Buy on rumour sell on news .
Comment by Les — September 16, 2015 @ 10:54 am
pure energy will have a big move on the up side from here on in.watch tomorrow up..up..up..
Comment by tony roma — September 16, 2015 @ 1:51 pm