More or less what I did when I transitioned into SPR back at the...

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nippy

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19/03/25

08:49

Post #: 78321197
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Originally posted by 1ronnie: ↑

A switch (as I had opined) from lithium to Gold would have put you in considerably good stead.

A switch from $100k in PLS on 1 July 2024 into QAU (USD Gold) would have resulted in % return
-Holding $100k in PLS (32,467 shares @$3.08) since 1 July 2024 sees a reduction in value to $64,123
-Switching the $100k in PLS into QAU on 1 July 2024 would have seen a rise in value to $128,010
-That's a difference of +$63,887

This is what I've always tried to impress on you about Buy and Hold.

If you did that switch on 1 July 2024, and switch back to PLS yesterday, it would have resulted in an equivalent PLS stock price of $3.94 (close to its all time high of $4.24) instead of $1.975. All that in barely 9 months.

Is it too late now?

I would argue it is not.
>Because based on my X-tree theory, I see PLS returning to its $1-1.10 base, and on a market cap of still $6.36B on much reduced earnings and earnings growth, mean reversion is yet to complete. That positions PLS to lose possibly another 45-49%.
> Lithium would be highly susceptible to a recession and demand destruction in the auto sector due to tariff trade war. And lithium price would stagnate at lower levels for longer as Chinese EVs grow from strength to strength in the wake of Tesla implosion.
> Gold could continue rising to $3,500 or based on Jeff Gundlach's $4k, there's still room for further upside, though not in a straight line.
> You can work the maths. 15-30% upside in Gold vs. prospect of -45% in PLS.

My opinion only.
I have been right.

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More or less what I did when I transitioned into SPR back at the 40c mark. Still holding.
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