Bought more

Given the recent stock price performance of PLS shares, buying more would seem to be absolute nuts. Many reasons floating around my head to have me conclude otherwise. First in the second week of June 2019 I attended the CRITICAL ELEMENTS AGM in Montreal, and 2 senior execs spoke at that meeting. The CEO JSL was in Santiago at a conference and the demand side for high quality LI was quite apparent to him. The other Exec Dr Haber -former head of Rockwood LI which was bought out by SQM- was in the room. Haber pointed out quite convincingly that the contract price for LI was more substantial than the Chinese spot price for LI which the market was using to value LI company shares. Second in the June 2019 seeking alpha report on EVs, the future demand for LI is radicallY larger than current LI production. If u read the report, notice that India is now VERY active on the mineral demand side. Note also that Indian citizens -like all of us- need to breath clean air and clean air in India is becoming less available given coal burning power plants and petrol powered cars. India is now desparately in need of LI. Third new LI demand is arising from some surprising sources. Example Isreal needs to completely convert to EV and CNG vehicles by 2030 because Israel is swimming in natural gas. Fourth PLS "seems" to be producing and selling LI at a profit, so the qtrly SHOULD be healthy.

A couple of months from now, you may be able to label me a nut but I hope not. Besides I can't pass up a drastically attractive sales price on the PLS shares.