Pls shorted, page-548

Think about the feelings in ALB Camp right now

- MINRES turn them away (Traded downstream with upstream)
- Gina scared them off LTR (A deal they were chasing for over a year and were so close to securing - even had investor briefings about it)
- Their biggest competitor has all but swallowed AZS (at least it would feel like that to ALB camp)
- Delta, GL1, Essential etc are all in MINRES's effective control
- CE wont let them touch Wildcat

They have no where to turn to but in their own backyard - PMT where they already own some stake. Everything has a price - Kenny B has his price!
Or
A very sensible thing right now for ALB is to make a deal with Pilbara minerals - no matter what it costs.

PLS already is supplying into China (Where ALB has its downstream business) - There is plenty of surplus tonnes available from P1000 expansion that is more than enough to feed its growing Kemerton refinery.

And with PLS you get the BEST hard rock operations team on planet earth (At par with Greenbushes if not better) - This could set them up as a hardrock miner.

I have held PLS since 90c and continue to believe there is a lot of growth and value here that will be unlocked in fullness of time. There is a reason why big boys (& Gina) are going mental buying up assets like there is no tomorrow.