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18/06/24
13:26
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Originally posted by windrider323:
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Ok - My rant of the quarter. I'm a PLS holder, a very significant holder (for me). I wasn't lucky enough to get in at 20c days. I'm in at $2.00 days. I'm also heavily into RNU but that's a similar story. Why invest in the energy transition? - because its 100% happening. I have zero doubts. Are we watching it happen? - you bet we are. Then why are my stocks tanking? They aren't. These stocks are being manipulated and collected by some of the biggest, smartest investment firms on the planet. It is no surprise to me that PLS has Vanguard, State Street and Goldman Sachs are on our books. Why? Because this company is a winner who will prevail over many rivals, to be - and continue to be - profitable. Its a 'safe' bet. Well what is happening you ask? These majors are accumulating our stock. Some already have their fill, and now hold a significant share (approx 5% each to the above I believe?) What do they believe - the same as me. Hold and wait. How do they do this and still provide a return to their bosses - short and manipulate. Their massive holding allows trading to reduce unit cost during fluctuations. Free carry. Note all the Coy's mentioned are shareholders of eachother. That's 15% of SOI that can be traded from the left to right hand. I, of course, would never suggest that they do anything illegal. Hence our SP bouncing like a ball. Why do they need to do this you ask? Because they can!!! plus - because of external factors outside their control threaten profits/growth short term and best to be smart and lock in profit. What factors? The CCP controlling purchase pricing via colluding coys in China. The CCP controlling Li Futures Exchange The CCP controlling the spot reporting data The CCP actively destroying EV/Battery Tech competitors or potential competition. The CCP controlling mining sources to state control or investor The USA placing tariffs to protect dying industry & fight back Europe following USA (proportionately) Worldwide populist government interference with free trade Fossil Fuel money fighting tooth and nail to protect income for as long as possible The last 3x significant drops in PLS SP were (within a couple of months) backed by significant growth to return value. All resulted from news - Falling EV sales, EV oversupply, Battery oversupply, Li oversupply etc etc. All the news sources are common. Most are owned directly by VG & SS or CCP. The rest parrots. Look it up. All the news proven wrong by time & fact. The market does its thing. Big dogs eat well. Little dogs eat scraps. We will see. I'm a patient little dog. All imo - what the hell would I know?!?
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Your rant of the quarter sounds sensible to me. But the factors you mentioned, specifically about the CCP, seem to be lacking evidence or even baseless to me. Could you please provide the evidence of your claim on CCP? And if CCP, which is much bigger that Vanguard, State Street and Goldman Sachs combined, can really control the pricing of lithium, what hope do we (including Vanguard, State Street and Goldman Sachs) have in waiting for a price recovery? None! The fact that Vanguard, State Street and Goldman Sachs and us little dogs here still believe in a price recovery for Li shows that your conspiracy theory on the dirty work by CCP doesn't make sense.