PLS 5.83% $3.07 pilbara minerals limited

Agree 100% I sold off KB's Jan 21 spp .36c gift to increase my...

  1. pc3
    2,300 Posts.
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    Agree 100% I sold off KB's Jan 21 spp .36c gift to increase my position in another stock, which if I am correct, long term the leverage created there, will be greater than rises with PLS from this point but a fair bit more risk as its not producing yet.

    So now in this inflationary environment how should I allocate future pay packets....the other play is "mostly" de-risked. I've spent a bit on it (for me) and there are a few hurdles to jump yet, it seems its a done deal but not written in stone yet, if it were you'd be paying circa .80c-$1.25 for mine.

    PLS is 100% de-risked ...might be 1x or 2x bags from here in the next 2-5 years as PLS develops all of it's future growth initiatives, therefore to my thinking it looks relatively risk free (yes there will be ups and downs) and likely to double my money from this point in 5 years vs 10 years aprox in an index fund.

    It would seem like a smart idea now that I have created a little leverage and am 85% free carried in PLS to begin buying again as a "store of wealth" for at least the next 5 years....and the next big run should see us move past $5.00 probably in the next 12-24 months.

    All in my opinion....any flaws in my thinking folks ?
 
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