PLS

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$3.07 pilbara minerals limited

Lithium Demand surge, page-267

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MasterStrategist

11,071 Posts.

2003

26/04/18

14:00

Post #: 32695474
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Originally posted by AngryPrawn ↑

When looking at a spec share, I have two questions before I invest: what could go wrong? Why is this particular company the one who is going to win?

I'm simply saying you guys seem really optimistic, which is great. I love EVs but to pretend that they're flawless is not helpful. Reality - they make the drive from Sydney to Melbourne longer than the drive today. The "Better place" business model would have solved that, but it was capital intensive and a complete failure. Manufacturers didn't want to standardise battery packaging because cars are different shapes, and people didn't want to lease capacity. Perhaps businesses might. But won't vehicle automation make a huge difference? I believe the better place business model will return, but it will a bunch of car manufacturers to come on board and maybe even a mandated standard.

Then there is the whole energy density question: is Lithium really the right answer? Or are super-capacitors going to be the thing that solve the EV convenience issue? Someone mentioned the 4 minute Porsche - I believe that used capacitors rather than battery. Or more accurately a battery that is more capacitor like than lithium-based batteries. What about gold-nanowire batteries - is the lithium spike really the way of the future - or will be back to the future with industrial uses of gold. How do we know Lithium Ion doesn't go the way of NiCad?

As for "do you even research?"

Well yes, one of the first things I do when assessing any company is test to see how hyped the current holders are - when they're hyped, I get worried. Remember the old traders maxim: "when the tea lady buys shares, sell everything."

By all means believe - you have to if you're going to buy spec shares and sleep at night. I love the optimism here, I'm just not quite there yet on the "this tiny mining company will change the world" thing.

The fundamental technology questions don't put this in my "buy and hold for twenty years bucket", and what this thread has told me is that this stock is likely a more short-run play - I'd be looking for an entry around half the current price with an exit around 50% higher than the current price.

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Mate! How much research into this stock and the subject commodity did you actually do? Five- ten minutes. To call PLS a "tiny little company" and suggesting we came on board via advice from a tea lady has to be THE most ignorant comment I have ever read in this forum.

I'm not going to waist my time trying to educate you, but I'm sure others here won't be able to resist.

PLS Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.07		Change -0.190(5.83%)		Mkt cap ! $9.239B

Open	High	Low	Value	Volume
$3.19	$3.20	$3.07	$96.53M	30.85M

Buyers (Bids)

No.	Vol.	Price($)
41	815921	$3.06

Sellers (Offers)

Price($)	Vol.	No.
$3.08	309816	3

View Market Depth

No.	Vol.	Price($)
26	195171	3.060
50	157222	3.050
9	32502	3.040
15	74596	3.030
14	32496	3.020

Price($)	Vol.	No.
3.090	400231	3
3.110	17026	2
3.120	19982	6
3.130	28145	4
3.140	28903	5

Last trade - 16.10pm 28/06/2024 (20 minute delay)

PLS (ASX) Chart

Lithium Demand surge, page-267

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Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

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Lithium Demand surge, page-267

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

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ChemX Materials kicks off first stage works at WA high purity alumina pilot

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

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Featured News

Buyers (Bids)

Sellers (Offers)

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