Market's view on Future Metals

Published on April 2024

  • The company’s stock is currently up 17% on the ASX.
  • A significant position was increased by purchasing an additional 100k shares at 1.4599p, anticipating the commencement of drilling activities as platinum and palladium prices are moving.
  • The reformation of the board with experienced leadership including Patrick Walta, John Carr, and Sam Rodda is seen as a strategic move to garner institutional ownership, find a strategic partner for Panton, or secure an individual cornerstone shareholder.
  • The new board is expected to address the previously weakly presented Scoping Study and capitalise on rising PGMs and copper prices.
  • Changes in the board have been positively received with the inclusion of experienced professionals in mining and chemical engineering.
  • The share price witnessed a recovery from an early dip and is currently up by 12% on the ASX.
  • Metals like copper, platinum, palladium, and nickel are on the rise, adding excitement to the upcoming drilling season.
  • There is speculation about the share price’s movement post a significant entitlement offer where numerous shares were bought at 1.6p.
  • Discussion about the potential impact of the Eilleen Bore and the Panton project license, which are expected to significantly transform the company’s prospects in the next 4 to 6 months.
  • Stock acquisition strategies are being discussed, with emphasis on buying during stable prices rather than spikes, with drilling expected to commence soon, potentially driving the share price up.
  • There is an outlook of steady growth, viewing the stock as an investment with promising future prospects rather than immediate gains.
  • Market dynamics in different regions like the London market following the Australian market could offer strategic advantages in stock positioning.
  • The copper price is seen as pivotal, with a significant potential impact from upcoming mining results expected to significantly influence the company’s valuation.
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