PLS fell from circa $1.15 to circa 15c during the last Lithium winter.
The circumstances are different here but the key driver is the same, ie falling spod pricing.
PLS undertook a major cap raise to buy a distressed asset and ride out the storm.
I have been looking to re enter here, sold when GR Ann holding.
Waiting til post Feb 11. Some gaps below too…
If it fills those gaps, a bid could be launched at a buck representing a 30% premium.
It rests on Tim and Tony to look Gina in the eye and say no.
A significant cap raise need not harm the share price in the medium term.
PLS rode the wave to $5.50 ish w 3bill Soi. It can happen here.
The next generation of Lionnaires might just be born over the next few months.
Many thanks to the sensible few who have calmly explained this Ann for what it is.
We now wait and watch.
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