PLS

5.69%

$3.16 pilbara minerals limited

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SF@HC

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10/05/19

09:08

Post #: 38499517
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Originally posted by asx_dude: ↑

All in opinion:
After enjoying KDRs rise and initial offer there is enormous potential for PLSs probable rise:
1. KDR WES offer emerges @1.90
2. PLS SP has risen slightly due the benefits of a significant industry move during a Lithium recovery / turning point as deal opportunities emerge. Shorts must be feeling anxious as at any time PLS could be up around 30-40 percent. Isn't that a 'standard' premium for TO/Offers these days?
3. Mining News of RIO Tinto circling KDR. Are they circling PLS?. Boy oh boy I love that one. Is BHP out there too watching?.....

All speculation but I see the following Scenarios potentially emerging ALL with upside for PLS:
1. Would RIO make a play at PLS in turn circling on market share as PLS already producing and hit the ground running.
Think about it, Rio selling assets to reposition for the future and to cash up for such scenarios. The time is now to move on PLS otherwise they will be left watching from sidelines. Alot of dollars to be made regardless if they are interested or not.
2. Could RIO potentially offer to buyout BOTH KDR and PLS! Imagine that and the benefits of market share in that space of Hard Rock Spod and Hydroxide. Would also such a strategic move catch BHP on surprise....
3. Don't count out Americans. They need resources and to lock in Lithium supply chain for the future. China has come out of the gates early. This lithium and renewables space is only heating up in his next significant Lithium EV and battery storage Wave 2.
It's the future and it's a question of who has the pockets deep enough to make it happen, take market share and take the market by storm as this market ramps up. While US and China negotiate trade deals, it's time for big companies which have the dough to cough up $s to position early in this space or simply miss out. This activity in the sector in my opinion will set off a bullish wave of investor activity in this space. Massive upside to come.
4. Whoever wins/loses on KDR (WES is in it to Win it), what's the probability of PLS being another TO / Merge Target?. Very high in my opinion as there are only a few Quality Hard Rock lithium resources in the world. PLS and KDR are some of them.
5. Remember PLS and AGO on Mt Francisco. Gina bought AGO for a song. Doesn't PLS still own a slice of Mt Francisco? If Rio Tinto makes a play on PLS what's the chance of future exploration around Mt Francisco? More upside?

Good luck holders of KDR and PLS.

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Right now, the market is just pre-heating the oven asx_dude, you cant just put the food strait in, you have to warm it up before you get on in there, some under-estimate the importance of foreplay.

Last edited by SF@HC: 10/05/19

PLS Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
15 Upvote

2 Great analysis

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(20min delay)
Last $3.16		Change 0.170(5.69%)		Mkt cap ! $9.515B

Open	High	Low	Value	Volume
$3.10	$3.20	$3.05	$117.6M	37.50M

Buyers (Bids)

No.	Vol.	Price($)
7	72180	$3.15

Sellers (Offers)

Price($)	Vol.	No.
$3.17	222212	12

View Market Depth

No.	Vol.	Price($)
7	72180	3.150
9	198984	3.140
11	161878	3.130
7	285792	3.120
3	131052	3.110

Price($)	Vol.	No.
3.170	220212	11
3.180	157094	14
3.190	168651	31
3.200	657116	75
3.210	325802	19

Last trade - 16.10pm 27/09/2024 (20 minute delay)

PLS (ASX) Chart

Day to day discussions on S/P, page-10822

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