As we head towards the second half of the year and the onset of a lithium price BOOM, the appointment of a CEO, the announcement of a world class JV partner for the carbonate plant, which will include Moblan and to top of off, resource upgrades that will see both NAL and Moblan both hit 100 million tonnes each, it is important to remember why we made this investment in the first place.
A geo political war that has been building for 20 years, was never going to allow Australia and China to dominate the supply and refinery chain. The 21% shorts on the PLS stock is a clear indication of the pressure that is building. PLS has a problem and that problem is being judged by the friends that you keep. For disclosure purposes, I made over $1 million dollars on PLS, so I do have an affection for the stock but I am also accurately away of the corner that it finds itself in. Don't worry, I've also lost my fair share!
PLS will need to place a both ways bet. Western Australia and Quebec.
So the decision to place our money on North America and hence the centre of our Western way of life, is the safest bet you will make in your life.
North America is about to become the hottest spot on earth in the battle for critical minerals and therefore the future of economic and military superiority.
Strap yourselves in for a monumental experience.
SYA Price at posting:
5.3¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)