PLS 5.69% $3.16 pilbara minerals limited

Ann: Commissioning Commences at Ngungaju Plant, page-13

  1. 918 Posts.
    lightbulb Created with Sketch. 228
    One great announcement after another. If it was not for the Evergrande debacle, and general uncertainty about the property market in China and what major Chinese company is going to collapse next, PLS would be going through the roof. There are far bigger market forces at play than the general strength of PLS. Do not be disheartened that the SP is not up 50 cents with the announcement. Once the shambles in China sorts itself out PLS will rise rapidly to take in all these developments. In the mean time its its a great time to buy. I would not be surprised it the SP goes down over the next month (due to instability in China). I have some more cash I have freed up and am trying to guess where the bottom may before before the almost certain rapid SP increase I guess will be before end of the year.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.