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$2.85 pilbara minerals limited

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MasterStrategist

11,632 Posts.

2134

11/11/18

16:02

Post #: 36462797
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Originally posted by o.c.16 ↑

Sorry to disagree, but (IMO), the Lithium price wont have as much effect as the resource sizes and proximity to Ports.
Both Companies have the means to supply out of Pt Hedland at costs much cheaper than a lot of others.
Again (IMO), during establishment of both mines from exploration seen a ratio of 3:1, and I can foresee this ratio closing on 50% now both are producing with additional offtake partners. It would be great to see PLS at $2.10 by Easter... BUT, at this stage only for dreamers.
It might pay to check contract rates, which are locked during this discussion period at $950/t max. so both Companies can look forward to similar profit rates as current. PLS will use this income to advance toward the next stage of production whilst reducing their debt.
Debt is the problem for our neighbour, but well under control at present.
PLS is well advancing under KB and the BOD and will continue to lead the way, and BTW, remember one thing............... "Love Thy Neighbour"

See ya around Easter time for results

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Dare to dream, o.c.16 . I liked your pragmatic post, but it lacked one intrinsic element, which was "market sentiment," driven by the dreamers.
Hope our neighbor feels my love, coz I've got a lot of those bad boy's too .

PLS Price at posting: 83.5¢ Sentiment: Buy Disclosure: Held
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Last $2.85		Change -0.150(5.00%)		Mkt cap ! $8.582B

Open	High	Low	Value	Volume
$2.95	$2.98	$2.83	$92.31M	32.06M

Buyers (Bids)

No.	Vol.	Price($)
2	46000	$2.85

Sellers (Offers)

Price($)	Vol.	No.
$2.86	89829	11

View Market Depth

No.	Vol.	Price($)
2	46000	2.850
4	80756	2.840
34	122623	2.830
18	657649	2.820
25	323374	2.810

Price($)	Vol.	No.
2.860	87329	10
2.870	294698	10
2.880	639919	11
2.890	200535	4
2.900	131802	10

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