PLS (ASX) Day to day discussions on S/P

Originally posted by Millsy11: ↑

Just read this on the galaxy site from ljcamp, good onya mate.

To all longs invested in Galaxy Resources and in fact any other Lithium stock for that matter. What is transpiring is not ok. You have a voice and I urge you all to use it. Good luck everyone.Hi Peter,I have just finished reading an article published on The Age website titled "Greens call for scrutiny of possible 'manipulation' in $1.5bn China milk bid".Firstly, congratulations on tackling this issue head on.This article has really resonated with me as I am an investor in Galaxy Resources (GXY), who I believe is directly targeted in the same way the Balamys has been. My greatest fear is that the Chinese will attempt to take over Galaxy with a low ball hostile take over. The past 18 months has seen Galaxies share price fall from $4.54 to $1.15 despite the company adding US$280m to the balance sheet via the sale of a Argentinian tenement to South Koreas POSCO. Galaxy has been the target of heavy shorting for the past 18 months.The tactics stated in the age article are of a very similar manipulative nature to what is being experienced within the Lithium sector."The letter stressed that that Bellamy's had not been able to get approval from Chinese regulators to sell its organic infant formula in China retail outlets after applying for permission in 2017.""The delay has stymied Bellamy's ambitions in China and the period has been challenging for the company, with its profit almost halvingto $21.7 million in the last year."With regards to the lithium sector which will be a crucial industry for the Australian economy moving forward (Electric Vehicles and Battery Storage), the Chinese approx 2 years ago set out to sign up junior lithium producers with binding off take agreements to secure long term supply. Many of these contracts had pricing floors and a minimum gross tonnage to be supplied. The sector is now seeing many of these binding agreements worthless and sale price of Spodumene (Hard Rock lithium) sold well below contract pricing. It is widely believed that the Chinese convertors have stalled to create a false over supply situation, forcing the prices lower and the market capitalisation of related companies plummeting.Contemporary Amperex Technology CATL (Chinese) has just taken a large stake in Pilbra Minerals PLS at the bottom of the cycle, suggesting they have little concerns in relation to the future of the lithium sector. Our own Wesfarmers (WES) is days away from completing the take over of Kidman Resources (KDR) at a total consideration of Au$774m.I would enjoy the opportunity to discuss this topic further as I feel so strongly about the criminality that is taking place on the ASX. I am a qualified financial planner and have worked in the industry for the past decade. The integrity of the ASX is at breaking point and my voice is my only tool to protect my family from what is eventuating in the lithium sector.I have reported, what I consider to be misconduct to the lead regulator in ASIC. I received an emailing requesting more evidence for the case to be investigated or "my concerns be considered", to which I subsequently supplied a number of mobile phone screen shots. I was informed this was sufficient to warrant further investigation, with evidence dating back to March 2018. I received a phone call with what I consider a grossly inadequate response for what I consider to be the "watch dog" of the financial markets.I look forward to hearing from you and again thank you for bring this MAJOR issue to the treasurers attention.

Expand

Unless there is a Royal commission or similar you will not get what you want from "Independent" watchdogs (Insert dog breed here that does not bark or bite).

I think you would be better placed to raise concerns to any National defence department or National Security organisation.

The reason being is that this behaviour is damaging to the Countries wealth and security - and is a relatively new form of co-ordinated attack.

Please let the Hot copperites know as I'm sure you would get all the support you need from members here.

SK60

No.	Vol.	Price($)
11	1408666	$4.18

No.

Vol.

Price($)

1408666

$4.18

Price($)	Vol.	No.
$4.19	165878	22

Price($)

Vol.

No.

$4.19

165878

No.	Vol.	Price($)
4	21650	4.170
4	26009	4.160
3	100243	4.150
2	83000	4.140
8	30742	4.120

No.

Vol.

Price($)

21650

4.170

26009

4.160

100243

4.150

83000

4.140

30742

4.120

Price($)	Vol.	No.
4.190	146728	13
4.200	764623	97
4.210	152051	19
4.220	153390	20
4.230	25596	5

Price($)

Vol.

No.

4.190

146728

4.200

764623

4.210

152051

4.220

153390

4.230

25596

(20min delay)
Last $4.18		Change 0.120(2.96%)		Mkt cap ! $12.58B

Open	High	Low	Value	Volume
$4.13	$4.20	$4.11	$86.61M	20.81M


Last $4.18		Change 0.120 ( 3.20 %)
Open	High	Low	Volume
$4.12	$4.20	$4.12	4580071
Last updated 15.59pm 03/05/2024 ?

Unless there is a Royal commission or similar you will not get...

Featured News

Patagonia shares rise above 20% on lithium grades at maiden well in Argentina

Dancing to that same 70s tune, China, and why I'm backing gold

Infini Resources gearing up for UAV geophys survey over Portland Creek

Why Princeton Professor rates BlinkLab's autism & ADHD screening app

Macquarie profits fall 32% on 'market volatility' and low-achieving 'green investments'

Provident Aurum's off-market bid sends Sihayo shares soaring

Car EV-olution accelerates Oz into pole position

Lithium Universe ends the quarter charged up for Quebec Refinery roll-out

BPH Energy renews NT Bonaparte Basin permit

Sold out signs go up for RIU Resources Roundup in Sydney

Buyers (Bids)

Sellers (Offers)

Featured News

Unless there is a Royal commission or similar you will not get...

Featured News

Top Stories

Patagonia shares rise above 20% on lithium grades at maiden well in Argentina

Dancing to that same 70s tune, China, and why I'm backing gold

Infini Resources gearing up for UAV geophys survey over Portland Creek

Why Princeton Professor rates BlinkLab's autism & ADHD screening app

Macquarie profits fall 32% on 'market volatility' and low-achieving 'green investments'

Provident Aurum's off-market bid sends Sihayo shares soaring

Car EV-olution accelerates Oz into pole position

Lithium Universe ends the quarter charged up for Quebec Refinery roll-out

BPH Energy renews NT Bonaparte Basin permit

Sold out signs go up for RIU Resources Roundup in Sydney

Buyers (Bids)

Sellers (Offers)

Featured News