PLS 0.00% $2.89 pilbara minerals limited

Ann: AGO: Atlas to export Pilgangoora lithium DSO to Sinosteel, page-27

  1. 2,465 Posts.
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    I guess it's kinda like when the SP was lingering around the 35 mark forever. I met Ken at his office then and he remarked, Yeah, all we need now is for the SP to move, as he said and knew that they were doing all the right things. And, yet, whilst it annoyed him, he was clearly unperturbed by it because he knew it would eventually adjust. And boy, did the SP ever move then, a few months later.

    I guess same here now. There is absolutely no rationale whatsoever for the SP to drop on the back of news like this, even if it was just confirmation of the expected. Thus, the same thing will happen: There will be an unstoppable uptrend as soon as we are out of this stupid current restraint.

    Good on those who have the bikkies to top up. I spent my last powder at 92. Seriously thinking of drawing down the mortgage for more. Surely at some point no matter how hard the shorters try to save their skin, they have to get burned. There is no rationale that I can see, even if there was more red on the Dow, for the SP to drop below that 87.5c support level - although of course it could.
 
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