PLS 3.44% $3.01 pilbara minerals limited

Hope I am wrong but wouldn’t be surprised to see a pump and then...

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  1. 86 Posts.
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    Hope I am wrong but wouldn’t be surprised to see a pump and then drop again. Too easy for this stock to be played with.

    That being said I am so impressed with that report, costs down and confirmation we can prosper where most others can’t, and ramp up only cements that advantage.

    Regardless of market conditions and economic factors, lithium is here to stay so a few scenarios that could play out…

    1. Lithium price stays low or goes lower - demand increases but supply inevitably disappears and time to come back online widens. Medium/Long term PLS wins (DONT SELL)

    2. Stock continues to be manipulated regardless of
    market conditions. Short term pain for share price, but again linked to number 1, it has to rise and same manipulators will want it. Medium term PLS wins (DON’T SELL)

    3. Bottom is in and prices rise - PLS in driving seat. Short term PLS wins (DON’T SELL)

    4. Unlikely but should not rule out - global conflict changes everything (imagine the irony that the one thing that may have prevented the risk of mass migration was a faster transition to a greener economy). Or if lithium is replaced by a better technology. Short/medium/long term PLS loses (GET OUT NOW).

    For what it’s worth if I had more disposable income the odds are PLS wins so I would invest more. I don’t so I am a hold but looking forward to much better times!

    good luck all.
    Last edited by crollajv: 24/01/24
 
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Last
$3.01
Change
0.100(3.44%)
Mkt cap ! $9.064B
Open High Low Value Volume
$2.93 $3.02 $2.83 $89.14M 30.38M

Buyers (Bids)

No. Vol. Price($)
10 245889 $3.00
 

Sellers (Offers)

Price($) Vol. No.
$3.01 76015 16
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
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