PLS 2.96% $4.18 pilbara minerals limited

I do not think market manipulations are the main reason for the...

  1. 416 Posts.
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    I do not think market manipulations are the main reason for the current sp weakness. Or, I should say I do not know if that is indeed the main reason. I won't make my decisions based on the assumption that it is only because market manipulations.

    I think many investors are mainly worried about two things, other than the concerns about general financial market:
    The prospect of spod price. This has been discussed extensively by many here. No matter how strong the case for a sustainable high price is, people are still going to be doubtful. Only time can tell. We make money by being right about what others are wrong about. So, no more need to be said here.
    Production issue. According to PLS’ original plan, we should already be running at full capacity now, i.e., 560-580k, but as we know in lithium mining things seldomly go as plan, not to mention the impacts of labour shortage and covid.

    While I am not worried at all, I think both the above concerns are valid, and a reality we have to accept.

    So, for me it is down to two questions: do you believe the high spod price will continue for multiple years, and do you believe PLS can ramp up its production to above 560k this year and 680k towards the end of next year?

    Since my answer to these two questions are both yes, I hold. When more people see that the answers are indeed yes, probably in the next few months, our sp will rise.
    Last edited by countercon: 08/06/22
 
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