PLS 2.33% $3.08 pilbara minerals limited

The share price is falling it's going to 10 cents, or the share...

  1. 8,986 Posts.
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    The share price is falling it's going to 10 cents, or the share price is too high, a pullback would be healthy. I'm not sure which brand of anxiety I dislike the most.

    A grip on the big picture is required IMO. There is a few obvious and major developments playing out (in plain sight) in the sector atm;

    The "existing producers" are receiving substantial support, achieving ATH's daily. BEOT have been upgrading the producers weekly. Why are the producers receiving this level of attention?

    BEOT have come to the conclusion that announced supply from many of the EU & US junior hopefuls will be held up due to environmental and related permitting issues, thus removing that (paper) supply from their forecasts altogether or pushing the arrival of that supply out a few more years.

    The situation today, is the exact opposite to what played out in early 2018 calendar year, it was still the wild west back then, and the demand pull wasn't sufficient, being a China only story. Since, the lithium ion battery tech has scaled, thus costs have fallen, proving itself technically and economically, thus providing a clear path to decarbonizing the world. On that last note, C-19 pandemic has brought the decarbonization thematic forward a few years, with the 3 largest economies and auto markets globally all underpinning the demand pull via legislation, and the some.

    It's the real deal, the disruption many of us could see 5 years ago is now here, and the ESG requirements have matured and are now the norm, further de-risking short, medium and long term demand fundamental. Play or die, and PLS are positioning accordingly.....

    I have no doubt that lithium and other battery materials will be a bottleneck, slowing the uptake of EV's and ESS applications, however that is due to demand, and that pent up demand will see any new supply snapped up before it comes on line, auctions anyone....

    The big picture is a beautiful picture, you'll still love it 10 years from now IMO, maybe try extending your timeline beyond 1 week, just saying....
    Last edited by SF@HC: 27/07/21
 
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