PLS 3.17% $3.05 pilbara minerals limited

What will March Bring ?, page-267

  1. 9,120 Posts.
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    I'll certainly concede to Binwood and Brisen that a lot of the trading in the closing auction was index readjustment, but it was interesting how they were prepared to pay 50c for us, or up just under 9%.
    There must be some new ASX300 followers to buy up like that, plus there other indexes like the small ords that might have had a readjustment as well.

    It is not like there was any index change with us, and you don't normally see a big move like that when there is no change to our index status. It will be interesting to see the change in short positions, as the index day is often a good time to close out a lot of positions, or add new ones. Because we went up so much, I wouldn't be surprised to see fewer shorts as well.

    Apart from the index readjustment, we are on track to meet our goals by the end of March, from everything I've read, been told etc. Plus there is Spodumene DSO ore being built up at Utah Point for a trial shipment. This has been announced by the company, but people have told me about actually seeing it as well.
    I do also know that we only have a very short period left in March, 2 weeks to be precise, so there is a very high probability of good news this coming week.
 
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