Good News & Bad News, page-1165

Plenty of pumping going on by the usual culprits. One of the buddy group pumping fancy stories into the public with so called “information” but I can’t share it! lolol

I wonder how many punters are getting sucked in to the SPP and throwing good money after bad?? Because it’s nothing more than a gamble right now. Especially with so many other stocks around with much better prospects of SP increases. That ultimately is what it’s about to make money. Not feel good fairy tales.....

As a shareholder the first question you need to ask is what catalyst will make the SP rise so I can make a profit? The short answer is zip! The place is on life support imo. None of the big existing holders are interested in chipping in to the kitty, anyone notice that? Out of cash by months end too! IMO all they care about is the ore for their own businesses and keeping PLS sufficiently alive to continue exporting.
Meanwhile the SP continues dropping....

IMO CATL is interested in the ore supplies and providing funds to flick on to the POSCO JV. So POSCO JV can produce chemicals for the battery industry that CATL occupies. All helping out each other overseas using PLS ore while the company doesn’t make a dime!! PLS is regarded as a high cost producer to they are stuffed in a competitive market.

SP growth is no one’s interests in my view. The pump will remain until the SPP money gets locked in and the instos meanwhile will exit. In time, gradually the SP will dwindle and PLS will run out of cash again and then another huge chunk of the business at possibly 20-25c will go to foreign owners and the local Aussie mums and dads keep throwing money away on a sinking share price. More dilution!!

Follow the market not the story telling and pumpers claiming “experience” and “I just bought some more lol” and “I’ve got secret information” when they don’t post how many they sold! Remember you only have to hold 100 shares to say I am a holder and buy up peeps.....whatever the truth is no one actually knows.