Good News & Bad News, page-4739

Pilbara Minerals (ASX: PLS)

Ally Selby: Next up we have Pilbara Minerals. It recently announced a new joint venture with South Korean company, POSCO. David, staying with you, is it a buy, hold, or sell?

David Franklyn (BUY): We rate Pilbara as a buy. It's our preferred lithium exposure. Basically, it's in the right place at the right time. It's a large scale producer at a time when the lithium price is continuing to escalate. As you said, they've just announced a processing joint venture with POSCO, which we view very positively. And they probably did the deal of the year last year when they bought the Altura lithium operation from the receivers at a very good price. They're ramping up production. They've got processing now underway and it's our preferred exposure. So it's a buy.

Ally Selby: Tim, it has a market cap of $6.6 billion and its share price has risen over 515% over the past 12 months. Is it a buy, hold, or sell?

Tim Serjeant (BUY): Buy, Ally. It's relatively better value than most of the lithium names at present. David is right. It's got volume growth where others don't at the moment into a record pricing environment and it's inherently scalable as the market continues to grow.

From Livewwire.
Appologies if it's been posted before