PLS 1.00% $2.98 pilbara minerals limited

Ann: Pilgangoora Projects Update, page-51

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  1. 169 Posts.
    lightbulb Created with Sketch. 21
    yes big over-reaction today

    10% less production and shipping
    but spod prices at upper end of guidance

    so in terms of money in for the quarter would expect it to be pretty much unchanged possibly slightly lower but certainly doesn’t deserve the 12% down that it’s been or even the 10% down that it is now

    onwards and upwards

    also just a thought - has it occurred to anyone that by constantly harping on about $2.83 Resolute has effectively

    1) contributed to a price cap around $2,80 (supported by JP Morgan)

    2) contributed to some shorter term traders staying in or even buying at those levels when $2.80 is near the top of the valuation and would be a good time for short term traders to take a profit …

    I don’t mind the old Resolute but these predictions can work both ways …

 
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