Why would you expect Joe Lowry to comment on EPC issues at Pilgangoora? He is not a mining engineer. His experience lies in marketing for the Lithium industry.
Why not ask the young female interviewer her opinion? Or how about little Timmy down the street before he goes to school? All opinions would be equally valid. They have no idea.
How about we leave speculation as to the project timelines to the experts. At the moment their advice is the project will meet its delivery date.
The PLS SP is currently some 36% below its all time high. Why?
Project not meeting delivery timeline;
Expected cashflow problems;
Roskill advise 2018 Spodumene oversupply;
Chinese converters unable to meet demand and process 2018 SC6 oversupply.
This is all speculation.
The project is ontime, the DSO guarantees income, offtake agreements guarantee sales and contract pricing make conversion bottlenecks irrelevant, if not advantageous.
This is very much the orphan period and a big "welcome to the ASX200" by the BEOT.
As many long termers here have said, this is all a matter of patience now.
Lithium podcast- Joe Lowry, page-7
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$2.99 |
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| PLS (ASX) Chart |