Hello Merrigum
I am a very conservative risk averse person and I would like PLS to hold at least $!B net cash until the lithium price is shaken free of what I see as Chinese price fixing. We should remember that China is run by the CCP and that Communism equals total control (by the Party) plus total obedience (by the people). Step out of line and it's off to the re-education camp you go (have a read of Mao's Last Dancer), Without auctions such as Albermarle recently held, the responsible bureaucrat in the Party can set a limit on the bid price for Chinese companies, even if they are on a stock exchange.
I would like to dice any downstream JV with Ganfeng as I cannot see adequate return on a high cost hydroxide or carbonate converter in Australia. There would be a saving in freight of around $150 per tonne of spodumene, but that would reduce for a plant located in another country.
So I am in favour of P2000 (why are we waiting?) and a share buyback for uo to $150 million at under $4.
Cheer, Cantankerous James
Good News & Bad News, page-43953
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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