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$2.66 pilbara minerals limited

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leon3006

14 Posts.

5

16/09/24

12:29

Post #: 75692220
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Originally posted by teenar ↑

Hi cantankerous.

To answer your question, I’d say you would need the context of the whole conversation/interview.
Dale appears to be a very competitive individual and nobody’s fool.
I like that.
It would make sense to position PLS in these early stages, as a first mover of scale, to minimise any other competitors desire to obtain market share and therefore eating into PLS profits.
It is not a charity.
Size matters in the resource sector as can be seen in the iron ore business with a moat being created to prevent anyone else entering.
BHP, RIO, FMG and VALE have market share with low cost production and therefore can weather the cycles that come and go.
PLS do not want to be like some of the lithium miners that have gone into C&M waiting for prices to rise to be able to be in production and to be profitable.
Eat or be eaten.
PLS has made strategic and wise choices that have been successful while surviving a downturn that could have been detrimental if it wasn’t for the management team.
Best in class, imo.

T.

Expand

T what do you think of WC8 as a possible takeover target for PLS ? they know the tabba. tabba ground. only 47 km from PLS and 1b credit facility.

PLS Price at posting: $2.92 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $2.66		Change -0.025(0.93%)		Mkt cap ! $8.085B

Open	High	Low	Value	Volume
$2.64	$2.72	$2.63	$36.34M	13.16M

Buyers (Bids)

No.	Vol.	Price($)
94	645193	$2.65

Sellers (Offers)

Price($)	Vol.	No.
$2.66	197653	68

View Market Depth

No.	Vol.	Price($)
66	567236	2.650
37	333268	2.640
41	447427	2.630
28	112291	2.620
38	396293	2.610

Price($)	Vol.	No.
2.660	151659	49
2.670	311872	31
2.680	205877	23
2.690	319288	17
2.700	103860	13

Last trade - 14.38pm 18/10/2024 (20 minute delay)

PLS (ASX) Chart