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
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No. | Vol. | Price($) |
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2 | 5067 | 2.960 |
1 | 7500 | 2.950 |
1 | 10000 | 2.940 |
4 | 11699 | 2.920 |
Price($) | Vol. | No. |
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2.980 | 31000 | 3 |
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