PLS Tally of number of Shortsold Shares needing to be brought back, page-129

Hi AndreM
I agree with your reasons completely and would like to add that with any exploration or mining stock you really need to research it carefully so that you have a very accurate idea of its assets and their real value. Lets call it intrinsic or underlying value. So long as you are conservative in your estimation (and you do have to know how to do an estimation) that knowledge will give you the confidence to weather the share price fluctuations.

With PLS only 3 weeks from first commercial production I am very comfortable holding PLS and forecast a 35% uplift to $1.25 over the coming 3 to 6 months once commissioning is all but completed. Successful investing does require knowledge and PATIENCE.

I should add that there are many on this thread that expect a much higher SP than I am predicting so I am probably at the conservative side of estimating the future SP. Any 35% return in 6 months is a very healthy return especially when it is so relatively predictable as in the case of PLS. The only risks are downturn in Lithium price and a longer than expected commissioning period.

I heard yesterday from a reliable well placed source in SE Asia that lithium stocks through the entire supply chain in China are at there lowest levels for some time. If that low level of stocks is not improved quite soon, in a rising demand market for lithium it has the potential to create an upwards pressure on the price of lithium in the second half of 2018. We do of course have AJM and PLS beginning to supply more lithium from about August onwards but will it be enough to bolster stocks and meet rising demand??

Interesting days and months ahead I think.
Chrs W2