PLS 4.45% $2.79 pilbara minerals limited

http://beerandco.com.au/wp-content/uploads/2015/04/PilbaraMineral...

  1. 80 Posts.
    http://beerandco.com.au/wp-content/uploads/2015/04/PilbaraMinerals_2015April07.pdf

    Some good and bad in here.  First up, the bad - Looks like the delay is going to be at least another month, and up to 7 weeks.  It's expected in May due to a redesign of the Tailings Dam which meant the application needed resubmission.  

    The good is that having Pilg upgraded has added quite a bit of value to the company with still significant upside.  Beer & Co valuation is now up at 17.3c - almost 4.5x higher than current price.

    In short - although the works permit is disappointing (very) I only see good things to come here.  The works permit is probably a blessing in disguise.  How else can you possibly pick up something with such upside potential at such a discount to its potential value?  I'd expect this news to flush out a couple more short term traders.....but the patient among us are going to be rewarded in a month or two (and hopefully we might get some further positive drill results in the meantime which further increases the upside)
 
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$2.79
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No. Vol. Price($)
43 231594 $2.79
 

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Price($) Vol. No.
$2.80 28889 3
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