BROKER DATA PILBARA - PLS, page-196

Surprised PLS went down with LTR,

The reason LTR tanked is the exact risk PLS is viewed to not have - funding risk.

We can internally bankroll all our current growth plans even in underperforming pricing periods.

I think Quarterly will be mixed market wont like lower pricing

but I think there might be surprised out of the POSCO JV - they had the first train complete ceremony during the qtr gone.

part of me is thinking next Qtr will be the real catalyst as by then we will have:

Solid view on market post Chinese New Year - real question is, whether or not Lepidolite has been costed out or if it is being subsidised by margins from other value adds in vertically integrated supply chains
+ Solid news on JV process
+ further idea of rates movement

so im hopeful for good news but I think it'll be a slow grind until all market participants think we have bottomed out, bc then sentiment buying from lit processors occur