It seems as soon as you talk about this being a place of decent discussion about the subject matter, which is what these forums are about, all of a sudden a whole lot of people crawl out of the woodwork and start name calling and being derisive of posters, instead of debating the issues.
Point 1, which seems incredibly hard to get people to understand. We DO NOT have a deal with the SAs unless the shareholders vote for it. Both parties understand this. As the SP has risen so much the SAs would expect the issue to be voted down unless the shareholders were complete idiots. Big investors live in the real world and know conditions change.
Many here who seem to know little about business deals think otherwise. Currently there is NO DEAL.
Point 2. We either have the best grade lithium and lots of it or we don't. If we do then we will be in demand for it. Both company wise and product wise. Do people really think that if we have a product that is in hot demand, and we have a lot of it to keep a few battery makers going for years, say 5-10 year deals or longer, that just because we don't have the right connections they will bypass us and prefer to go out of business than deal with new people? Get a grip, that is not how business works.
I produce and sell a product that is in high demand, I deal with new people all the time. Every time it is an expansion and the relationship grows as the business grows.
As I stated before I have contacts with the biggest in the business in Australia and some of the most important 'connected' people in the world in our area of business. These contacts mean absolutely nothing in creating new business relationships.
Some of those that think I'm being small minded, or a complainer or whatever else, seem to suddenly have turned up really have no idea about business at all.
Point 3. In business a persons word is their bond. If I say to a client that you will get 500 widgets next week, then the person gets 500 widgets next week, come hell or high water. If I don't think delivering 500 widgets next week is possible, I'll tell the client that and the reason why. Virtually all end up saying we'll take whatever you can deliver up to that then but can you let us know by X day how many are coming. So we deliver what we say we can.
I would never go to a client and say that all is go on the 20th of June unless I knew for certain it was a go. No if buts or maybees. Come the 7th of August and delivery has still not occurred, do you think that is good business practice or poor business practice. In my business world, poor and why should people trust me if I did that?
I don't do that, nor will anyone that works for me do that.
Point 4. Someone else already mentioned this and they are so correct. Learn to walk before you run. Is PLS any good at getting a mining operation off the ground and into a stable business. Currently we still don't know. Management have moved way beyond the little things like getting TT up and running and are doing deals in the big picture of the hot lithium market for a product we ASSUME we have lots of. Is this smart?
Absolutely not!! We have not proved we can do anything on time at all. TT is running nearly a year late. All effort should have been put into getting it up and running ASAP, with consistent sales to GAM to prove we could do it. (Walk FIRST!!!)
Strelley, pretty much an unknown, but meant to be able to supply for 3 1/2 years what TT will produce in 18 months. It should be proven up if we are going to rely on it to provide income to set up Pilgangoora.
Pilg. An obviously great resource as shown by Anzaplans results. We should be doing our own sampling of many of the other pegmatites to make sure they match the original ones in the quality range.
Then while the current business is providing cash prove up the resource and talk to potential customers. They'll seek us out for a known large quality product.
PLS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
(20min delay)