Some good little tidbits in Money of Mine podcast. So word from the fundies is PLS is shorted because of expected lower Lithium price and,,,, what they are going to do with the cash in bank.
Smoke and mirrors for sure. So a company is being punished because they think PLS has too much cash and will squander it. I’ve heard it all now.
I would think a high debt level at 9% and taking minority stakes in multiple Lithium hopefuls with no clear path to production yet or a return in the medium term, would be more a target for shorters. Go figure.
Sam Berridge says it himself about supply. Doesn’t expect Brine and non conventional sources to come online, as being plugged into spreadsheets by FIBO.
Good News & Bad News, page-35874
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