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11.0¢ piedmont lithium inc.

PLL General Discussion, page-945

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banksy808

4,125 Posts.

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08/03/23

16:17

Post #: 66662678
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Originally posted by stealth10: ↑

Macquarie rates PLL as Initiation of coverage with Outperform (1) -
Macquarie initiates coverage on Piedmont Lithium with an Outperform rating and $2.10 target price after the company announced it would take a 25% stake in Sayona Quebec, which the broker expects will generate US$1bn in cash flow over the next four years.

Macquarie says the deal sharply diversifies the company's growth outlook. Sayona Quebec is expected to process the spodumene onsite to lithium carbonate from 2027, and Piedmont Lithium has negotiated the rights to long-term surplus production. The broker expects the company will be able to use the cash to fund a lithium hydroxide refinery in Tennessee.

In the near term, the project's spodumene has received offtake commitments from Tesla and LG Chem.

Add to these projects the lithium hydroxide project in North Carolina, the company's 50% stake in Ewoyaa in Ghana, and the broker spies a long runway for growth.

Target price is $2.10 Current Price is $0.92 Difference: $1.18

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what date is this report please ?

sounds a while back ?

link ?

thanks

Last edited by banksy808: 08/03/23

PLL Price at posting: 87.5¢ Sentiment: Buy Disclosure: Held
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Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $42.96M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.5¢	$6.112K	56.06K

Buyers (Bids)

No.	Vol.	Price($)
22	1269272	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	411105	11

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No.	Vol.	Price($)
23	1269966	0.105
70	2615723	0.100
4	352101	0.099
2	32600	0.098
2	40938	0.096

Price($)	Vol.	No.
0.110	490504	14
0.115	970301	16
0.120	669823	15
0.125	240534	4
0.130	206075	8

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