PLS 1.00% $2.98 pilbara minerals limited

Day to day discussions on S/P, page-9604

  1. 2,797 Posts.
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    This will be a blue chip stock I have no doubt.

    However just like FMG in the early days and every other mining stock the initial period of production is mixed with success and failure.

    For me we have a top class management team but I feel the talk of selling some of the project means they take the risk out of the expansion and take the cash, but it seems a very conservative play when financing stage 2 and stage 3 was well within their reach.

    I expect some of this selling is that there is still some teething problems with production which won't help the quarterly report figures.

    I expect things will turn around but I will wait for the quarterly to buy more in the weakness as that will be the time once the bad news is out
    that the shorter's will buy back a day or two after.
    I
 
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