Ann: Presentation - Pilbara Minerals to acquire Latin Resources, page-5

I agree. This is a nice surprise.

The advantages of this are:
1. A nice purchase at low prices
2. Takes pressure off the market. Latin does not need to force startup and bring unnecessary supply onto the market in competition with PLS.
3. PLS gets to control when the supply comes on to market, just as it did before. Waiting for pricing to rebound hard first.
4. It has the expertise to bring value and efficiency when it finally starts production.
5. It brings some diversification and added future volumes for a cheap price.

This just confirms that the low prices are just causing a huge squeeze. The more companies that come off the table, the greater the big companies left standing with cash will be able to take advantage of good offers and squeeze on the way back up.

The short term pain ain't going away soon, but the seeds are being sown for the next phase.

Having lots of cash and being low-cost is a huge advantage PLS has.

On a side note, I wonder if the company has a target where the SP goes low enough that they think a share buyback would bring added value. Doing so just before the next spike up could bring great value. Not saying they need to, just wondering if they are thinking about it or have a target.