Plateau Energy Metals (TSX-V:PLU) - Catch twenty-two steps forward
Matthew Gordon, Ptolemy Capital
Our second interview with Alex Holmes, CEO of Lithium company, Plateau Energy Metals (TSX-V:PLU) WATCH the first one here. https://youtu.be/KAMmi83qx7c
Holmes has been managing the finances careful and negotiating to resolve the outstanding issues with the Peruvian government with regard to the licences on 32 concessions in dispute over late on payments. 6 of these related to the uranium assets, the rest on the lithium assets. It's worth noting that these lithium concession represent 45% of the resource, so are important.
There are a number of issues that need to be dealt with by Holmes and clearly the concessions is the key issue. Shareholders recognise this and has punished the company already. We wonder if it will continue to punish the Plateau. It's junior mining type problem. Money constraints lead to different types of decision making. And sometimes that means cash affects behaviour.
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