Good News & Bad News, page-44055

Long day in the saddle yesterday and a watershed day for me in the battery metals space.
I follow PLS, LTR, TLG and RNU closely. They all have at least one thing in common. Share prices are in the toilet.

Here, after being forewarned more than six months ago by @Saragian, the sp closed finally at $2.97. His precise predicted downside repeating range target price. Saragian’s thoughts have been underlined and supported by @Lies&damnlies, a longtime poster here . Lies uses waves and fibs to draw his conclusions. Only yesterday he warned of further downside w the long term 61.8fib being a possible target.

I well remember the laughter here when Goldman etal tipped the collapse in lithium pricing during the last bubble. Along with the shorts, they were right.

What of the future. In mining, the one with the biggest sandpit in the best jurisdiction wins.
PLS are following a simple philosophy which will underpin their future success imo.
That is, in downturns, expand production to increase market share. Then, as the market grows, you simply retain your share of the bigger pie. In a flat pricing environment PLS are sprinting to P2000. Why wouldn’t they?
At USD$1000, they are still profitable. Right now it is all about grabbing market share.
Being a reliable producer w a proven track record will really help positio the company when the worm turns as it always does.

Valuations may well drop to 6bill. It matters not to early adopters here who will still be sitting on 10-50 bags.
A sp circa $2 will give the rest of us a nice entry to ride the next inevitable (tidal) wave.
Choppy waters now, but the company and Lt holders should eventually be richly rewarded once again imo.