LRS General Discussion, page-18812

Hi George. I am a sympathetic PLS holder. Latin shareholders seem to me to be the victims of what magicians and slight-of-hand artists call "misdirection" - attracting your attention to something else while doing something now out of your range of vision.
On 21 June this year, Pilbara floated the idea of spending $1.2B on a new 1000mtpa plant to bring total production to 2000mtpa.
" Pilbara Minerals has commenced a feasibility study in relation to P2000 (FS) with outcomes
expected in the December Quarter of calendar year 2025 (CY25). A potential FID will follow the
FS outcomes."
This was on top of the downstream converter investigation with Ganfeng, which if it goes through on a 50/50 basis would cost Pilbara well over $500M (in my opinion)
With P1000 still to be completed in 2025, I certainly was "misdirected" from the possibility of any further projects that would involve future capital expenditure. As far as I was concerned, Pilbara Minerals had already overcommitted its funds, so I did not think it possible that our BOD (Pilbara) would be contemplating going "upstream" again.
I wish LRS shareholders well, and hope things work out for you - perhaps a financing deal like Liontown got with LG may eventuate if the takeover offer is rejected.
Cantankerous James