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Lithium Demand surge, page-267

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MasterStrategist

11,063 Posts.

2003

26/04/18

14:00

Post #: 32695474
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Originally posted by AngryPrawn ↑

When looking at a spec share, I have two questions before I invest: what could go wrong? Why is this particular company the one who is going to win?

I'm simply saying you guys seem really optimistic, which is great. I love EVs but to pretend that they're flawless is not helpful. Reality - they make the drive from Sydney to Melbourne longer than the drive today. The "Better place" business model would have solved that, but it was capital intensive and a complete failure. Manufacturers didn't want to standardise battery packaging because cars are different shapes, and people didn't want to lease capacity. Perhaps businesses might. But won't vehicle automation make a huge difference? I believe the better place business model will return, but it will a bunch of car manufacturers to come on board and maybe even a mandated standard.

Then there is the whole energy density question: is Lithium really the right answer? Or are super-capacitors going to be the thing that solve the EV convenience issue? Someone mentioned the 4 minute Porsche - I believe that used capacitors rather than battery. Or more accurately a battery that is more capacitor like than lithium-based batteries. What about gold-nanowire batteries - is the lithium spike really the way of the future - or will be back to the future with industrial uses of gold. How do we know Lithium Ion doesn't go the way of NiCad?

As for "do you even research?"

Well yes, one of the first things I do when assessing any company is test to see how hyped the current holders are - when they're hyped, I get worried. Remember the old traders maxim: "when the tea lady buys shares, sell everything."

By all means believe - you have to if you're going to buy spec shares and sleep at night. I love the optimism here, I'm just not quite there yet on the "this tiny mining company will change the world" thing.

The fundamental technology questions don't put this in my "buy and hold for twenty years bucket", and what this thread has told me is that this stock is likely a more short-run play - I'd be looking for an entry around half the current price with an exit around 50% higher than the current price.

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Mate! How much research into this stock and the subject commodity did you actually do? Five- ten minutes. To call PLS a "tiny little company" and suggesting we came on board via advice from a tea lady has to be THE most ignorant comment I have ever read in this forum.

I'm not going to waist my time trying to educate you, but I'm sure others here won't be able to resist.

PLS Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.15		Change 0.040(1.29%)		Mkt cap ! $9.420B

Open	High	Low	Value	Volume
$3.16	$3.18	$3.12	$71.90M	22.82M

Buyers (Bids)

No.	Vol.	Price($)
3	112482	$3.15

Sellers (Offers)

Price($)	Vol.	No.
$3.16	320783	6

View Market Depth

No.	Vol.	Price($)
3	112482	3.150
16	802558	3.140
24	905880	3.130
18	512004	3.120
19	228658	3.110

Price($)	Vol.	No.
3.160	320783	6
3.170	566900	25
3.180	372349	21
3.190	323141	17
3.200	233011	29

Last trade - 16.10pm 25/06/2024 (20 minute delay)

PLS (ASX) Chart

Lithium Demand surge, page-267

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

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Lithium Demand surge, page-267

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Featured News

Buyers (Bids)

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