PLS

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$3.07 pilbara minerals limited

Lithium Demand surge, page-285

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szaba_the_hut

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26/04/18

14:46

Post #: 32696851
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Originally posted by ozblue ↑

AngryPrawn,

" I'm just not quite there yet on the "this tiny mining company will change the world" thing"

This is where I think you have missed the point. PLS is not going to change the world, no-one here claims it will. However the world is changing towards EVs, just not obvious to Australians that concentrate on our media.
With the world changing, PLS is a company that is in the right place at the right time, so shareholders should benefit as many doubters of the EV revolution start to wake up.

It seems to me that a lot of people are like the Chairman of IBM that could only see the need for 5 computers in the world back in the 1940's. Most don't seem to appreciate that the following confluence of factors all work in EVs favor.

1. Depletion of crude oil, especially conventional oil (production peaked in 2005), with unconventional oil like 'tight oil', deep sea oil and tar sands being VERY expensive.

2. Climate mandates by governments, whether you or I believe in climate change is irrelevant as governments (most) have accepted the science and are starting to look for non FF options/incentives.

3. Most people do not need to drive from Melbourne to Sydney every week, they use a car for trips within 50km of home 90% of the time.

4. The major automotive companies are ALL planning to bring mass produced EVs to market. They are spending Billions on research, development, battery factories etc.

5. When mass produced EVs are around the same price as the equivalent ICE vehicle, businesses and govt departments will flock to them, cover their roof with solar panels to charge them, with households quickly following.

6. Most commuters will charge the EVs with off-peak power, making running costs much lower than the equivalent ICE vehicle. This also being good for the electric industry companies that currently have a huge variation of use between peak times and night time.

Expand

If EVs charge off peak that will become the new peak demand period. Look up Australian daily fuel sales and then look at the daily embodied energy that needs to be supplied via the grid or via investment in off grid to replace fuel with EV.

PLS Price at posting: 87.8¢ Sentiment: None Disclosure: Not Held
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26/04/18

14:46

Post #: 32696854
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Originally posted by Barg ↑

Mate! How much research into this stock and the subject commodity did you actually do? Five- ten minutes. To call PLS a "tiny little company" and suggesting we came on board via advice from a tea lady has to be THE most ignorant comment I have ever read in this forum.

I'm not going to waist my time trying to educate you, but I'm sure others here won't be able to resist.

Expand

Couldn’t have said it any better, how is it that we always seem to attract these knuckle draggers?

PLS Price at posting: 87.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.07		Change -0.190(5.83%)		Mkt cap ! $9.239B

Open	High	Low	Value	Volume
$3.19	$3.20	$3.07	$96.53M	30.85M

Buyers (Bids)

No.	Vol.	Price($)
41	815921	$3.06

Sellers (Offers)

Price($)	Vol.	No.
$3.08	309816	3

View Market Depth

No.	Vol.	Price($)
26	195171	3.060
50	157222	3.050
9	32502	3.040
15	74596	3.030
14	32496	3.020

Price($)	Vol.	No.
3.090	400231	3
3.110	17026	2
3.120	19982	6
3.130	28145	4
3.140	28903	5

Last trade - 16.10pm 28/06/2024 (20 minute delay)

PLS (ASX) Chart

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