Maya I am very comfortable with my decision to take my profits...

Maya I am very comfortable with my decision to take my profits at around 72 cents.
I still have my AVZ holding and if the Lithium uptrend continues I will still benefit from it.

My concern with PLS is that if the takeover deal falls through the stock will get slammed and if it goes through the Capital Raising will go ahead at 36 cents and the two main backers of the capital raising will likely start taking profits which means potentially 330M shares being dumped.

Assuming the two main backers do not take profits there will still be approx 3Billion shares on issue.
Based on a $1.00 share price that gives a MC of $3B
If they can ramp up production to 800,000 dmt pa (currently around 250,000 dmt) and sell all of it at US$620 (currently around US$400) and they achieve their cost target of around US$330dmt then that would give a PE ratio of approx 25.

As I said I still like the stock but at current levels its too risky for me so I will wait for any pullback to buy back in.