Good News & Bad News, page-57

There is no way I would buy back any time in the next 3 years. Only a fool would do that. I am only posting facts which you don't seem to want to hear. The white metal is falling rather badly. Its just not here but everywhere.

The reason iron ore is up is solely due to what happened at Vale. They had a dam collapse and are out of the iron ore business for the next 2 to 3 years. That creates not as much iron ore flooding the market and also due to low stock piles in China its perfect timing for our iron ore miners.

Do you understand any of what I've said. Probably not.

Lithium is over supplied and in a perfect storm demand for lithium is low due to a lower than expected take up of electric cars world wide.

Tesla is now looking at buying their own lithium mine so bypass everyone else to make their cars cheaper. Others likely to follow.

Lithium is everywhere on planet earth and not hard to get out. 240 new mines coming on board which will see an over supply.

Its another reason why PLS could well fold as could many others. Some are already saving their cash and not selling. That should tell you something.

By all means ignore all the warning signs but don't blame me if these companies fold and you lose all your money.

A fool and his money are soon parted.