PLS 3.32% $3.27 pilbara minerals limited

Tobias, as it relates to the increased buying of thiscompany's...

  1. 373 Posts.
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    Tobias, as it relates to the increased buying of this
    company's stock on the U.S. exchange, you need to dig
    a little deeper. Of the 2.5 million shares traded thursday,
    2.3 million was one trade before the market even opened.
    A very nice trade mind you, but not a reflection of widespread
    increased interest. Interestingly, it happened again Friday with
    a pre open trade of 2 million shares. Another nice trade priced
    well above the previous day's closing price.

    Over the past couple of weeks there has been excellent performance
    of lithium stocks on the American exchanges. Both Pilbara and Alkem
    have also done well. Surprisingly though, volume each day has been very
    light. The U.S. retail investors are not as well aware of the western Australian
    lithium mining companies as they are of their domestic companies.

    There is another factor playing into all of this. When the company made the
    retail investors eligible for the 35 cent shares, I qualified for 45,000 shares.
    At least I thought I did. Sad to say that the U.S. OTC market did not. Thank God
    I did not get pissed off and sell my shares. I have since done extremely well but
    I have to admit the Italian in me was really running hot. lol.
 
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