PLS price end of this year, page-343

Problem with PLS is they only sell to two markets in China and South Korea.

They ought to be contacting electric car companies or the ones that make lithium batteries for cars

for the European and US markets.

They are in deep trouble with cash flow and low prices due to many new companies selling the stuff.

With FMG and BHP selling lithium to larger markets and getting it out of the ground far cheaper

it may well be game over for these smaller companies.

Think its time to get out. I've been buying and selling when it was low to high and was temped to but at 59c

but that marker press release has scared the life out of me. They are going to have bad times until September

with the hope the prices will be higher by then.

Prices could drop further and what if our currency goes higher then a perfect storm will happen.

By September the prices could be as low at 10c a share. There is no good news until September they hope.

The share price is dropping 5c a day at present.

Bargain hunters were buying up but I don't think many of them realize the real state of affairs. All the junior

lithium miners have seen their share prices halved in the last 6 month.

FMG and BHP also sell lithium but as they sell iron ore their stocks are booming along as is RIO

due to a dam burst in Brazil which has put them out of that business for a good few years.

Seen all this before with Atlas Iron. Things can go south very quickly. Atlas stopped product at one stage due to the ore price

going so low they've be selling at a loss. They never recovered. Similar company news hoped things would improve but they didn't

and soon they were gone. Its only now years later that an event in Brazil has seen the iron ore price zoom up by 3 fold since then.