Ann: Pilbara Minerals Equity Capital Raising, page-553

Hello mate,

I hope you are a VERY small holder because if you sell anymore than about $1000/$1500 worth you won’t get them back in the SPP.

It is sooooo frustrating how naive people are to listen to people who want to sell you their shares.

Look at it like this...

29500 into 20,000,000 so if everyone took it you get about $700 worth unless it’s weighted then you get less.
15000 into 20,000,000 so if half took it you get about $1350 worth unless it’s weighted then you get less.
10000 into 20,000,000 so if one third took it you get about $2000 worth unless it’s weighted then you get less.

So if you think you will sell anything like a meaningful quantity you are VERY mistaken. That’s why I’m again annoyed at KB, because with all this cash coming in he looks after his mates (SIs), first. We should have been able to buy much more. Anyway....

It is sad people are so mislead by others who clearly do not have their, the stock or (for that matter), anyone but their own interest at heart.

BTW, IMO the SP wont stay at .3 for too long either.

The shorters tell you CATL will flip them for a quick profit, well they won’t as they need 7.5% to keep a seat on the board (if I remember correctly).

Holders won’t sell because they are doing exactly what you said, flipping them before the SPP.

Some SIs will sell, but IMO not many.

So when the SPP is closed I feel back up pretty quickly (or much quicker than normal anyway).

I think fair fair value ATM is about .5 and at some stage PLS will break 1.0 again.

Good luck with with your plan mate......