Good News & Bad News, page-43599

Hi pluckmeister ….

I’d like to think prices will improve too but I’m not counting on another ‘big bang’ and I think UBS is right to be hanging its’ hat a bit on earnings and future dividends.



RETROSPECT TO HISTORIC PREDICTIONS

FWIW to anyone interested in forecasting prices based on historic accuracies, here’s a link back to early December 2019.
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD5gm1zhGZof10ke92GA==

It’s the debt refinancing document prepared by Altura as it was singing its’ swan song, and the reason I put it here is because that company commissioned Benchmark Mineral Intelligence to give a detailed overview and forward projection of how it thought the lithium industry would shape up.


Was it right?
Here’s a couple of images:






PLS was trading around 28c back when all that was published:


And as we know it was the very cusp of the lithium revolution, so all up I don’t think it did a bad job.
Today, as far as far as I am aware, BMI is still a leading research agency providing data upon which many professional analysts base their own estimates.

TODAY?
Maybe the latest BMI forecasts have been posted here already - but all I could find that was ‘current’ just now was this one - a teaser on a pay to join site :


No prices shown but not hard to work out ?

…. seems we’re done with the ticket to the moon stuff but that does not change the fact that right now PLS looks to be significantly undervalued with a lot of huge finance agencies who *liked* the ticket to the moon stuff wanting to play games via the shorting, pumping and throwing their weight around.


cheers