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This is why traders should buy low and holdAus lithium stocks ,...

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Oscar09

26,846 Posts.

1309

02/03/23

13:12

Post #: 66561202
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Originally posted by Ultra: ↑

MELBOURNE, March 2 (Reuters) - CATL 300750.SZ , the world's largest battery maker, has sold its nearly 5% stake in Australian lithium producer Pilbara Minerals Ltd (PLS) for A$601 million ($405.86 million), according to a term sheet seen by Reuters on Thursday.
CATL bought its 4.9% stake for A$0.30 cents a share in the depths of the 2019 lithium downturn, before offering the stake, representing 146 million shares, to the market at A$4.10 each. Goldman Sachs and UBS are bookrunners.
That has netted CATL A$554.8 million ($374.66 million)

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This is why traders should buy low and hold
Aus lithium stocks , even as nearology plays.
CATL in at 30c, sold $4.20

CZL
perfect example
adj PLS
got $9 mill cash/shares from zinc mine sale
Their EV is $600K lol
Have tenements adjacent PLS and money to drill.

Yet not many connect the dots except pro,s who soak it and are patient.

Last edited by Oscar09: 02/03/23
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