Citi upgrade GXY to BUY..., page-78

Taking a look at PLS nipping at our toes....

They have just released a huge CR at 35c. Current SP is 37.5 and recently over 40.

Cf. GXY with their 54c placements, with SP over the 60c one at the time. Fast forward to SP today (32c, pre consol).

I dare say PLS will be seeing 20c in the coming months. The charts also read this way.

PLS in having to raise just on $200m have also had to give away virtually 40% of their company in the form of dilution. Not good.

Once this turmoil settles, the lithium sector... As a Whole... should start to recover.