PLS 3.52% $2.94 pilbara minerals limited

Feel Good Stories from Investors, page-204

  1. 102 Posts.
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    Hi All,

    I bought PLS in 2017 and rode the coaster over a dollar, to ground zero and then sky high. What a ride! I must admit I got lucky picking this company after some very novice research being the second company I have invested in. But I do credit holding my nerve through those dark days, or maybe it was just sheer stubbornness in not taking a loss that got me through. Anyway, thanks to Ken and all the team for an amazing job.

    Ken: you more than deserve your remuneration and have significantly contributed to decarbonising the planet. Please enjoy your retirement and thanks for the gift at 36 cents.

    I planned to buy more recently during this inflation scare, and was well aware of 'buy the invasion'. I have done some detailed financial modelling and my stock price predictions for the near future based on all available fundamental data (and a very modest P/E ratio) are mouth-watering. Why did I sell now after two big dips from inflation and invasion? Well, I am concerned this isn't the only invasion. A few years ago I thought a pandemic was impossible, a few months ago I thought a full war in Europe was impossible. Now, I hope to God PLS's main customer doesn't break the world's heart and "chucks a Putin". If that does occur', the halting of Lithium shipments will be the least of our concerns.

    I have most certainly made a non-optimal decision this week, but in my twisted logic it is a win-win. If the unthinkable occurs I have locked in my first multi-bagger which has been significant for me. If it doesn't occur, the world will be a much better place, so I can't lose! If/when the dust settles will I buy another ticket on the coaster? You bet, it's the best company on the planet. I'll just let my stomach settle a bit first.

    All in my opinion and Good luck to all
 
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$2.94
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$2.85 $2.96 $2.80 $78.99M 27.23M

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$2.95 215192 10
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