You could say why didn’t PLS snap up more land in the Pilbara...

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asxtrader007

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25/08/23

18:41

Post #: 69556647
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Originally posted by GoldBug26: ↑

Always a fan of your commentary and insights here, but further to your points.

1. If the tenements are so great, why didn't Andrada snap them up? I'm not aware of a company who doesn't want more land and more resources to feed a mill and produce more $$$

2. At a time where other companies in the Pilbara (cough cough Azure) are sourcing DD's left, right and centre, watching us sit around with the promise of shallow air core drilling and sampling isn't good enough.

3. The spin offs have potential to raise some much needed funds, but again, all subject to interest. In this economic climate, the only acquisitions occurring are at the big end of town. These projects have to show something more than a few ok drill results to garner attention. Also, lithium being the focus is hardly anything to get excited about at the moment. Gino's strategy at Uis has thus far been akin to a bull in a china shop. Firstly we had 2 prospective tenements, then radio silence, then another prospective corridor, followed by more silence... No word on DD, while our neighbour seems to have no issues?

I'm by no means impatient, but things just aren't stacking up here. A good project will always be a good project. My other holdings don't seem to have this issue.

However, as I stated the other day, I have kept some exposure here because there is potential if things go the right way. Bur at the moment, sentiment is not good.

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You could say why didn’t PLS snap up more land in the Pilbara too.

Not disputing your insights.

Like I say time will tell.

AS2 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $2.425M

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You could say why didn’t PLS snap up more land in the Pilbara...

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You could say why didn’t PLS snap up more land in the Pilbara...

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