lpd share price, page-188

.. and this oldie but a goodie.

Winners Are Grinners ...


Lithium turns WA into a millionaire factory





Pilbara Minerals director Neil Biddle jokes that he has never been so popular. The emerging lithium company is on a record run, this week cracking a market worth of $2 billion as shares, which were fetching less than 5¢ three years ago, hit $1.25.
The wealth windfall translates into happy shareholders, particularly among the scores of Australian retail investors catapulted to millionaire status on the back of their Pilbara shareholdings.
Mr Biddle, a veteran geologist and mining executive who took Pilbara into its flagship Pilgangoora lithium project in the Pilbara four years ago, thinks there may be 40 to 50 small investors on the register with a million shares or more, a legacy of the company’s equity raisings at rock-bottom prices when it was struggling for support.


In November 2013, Pilbara raised $750,000 at just 1¢ a share, topping up seven months later with $920,000 at 1.5¢. As late as June 2015, it tapped the market for $6.5 million at 4.5¢.

“I’m aware that there are a lot of shareholders still there from 1¢, or at least holding part of their holdings,” Mr Biddle said.

“Some have sold, but others have held in, true believers in the lithium story.”



https://thewest.com.au/business/lithium/lithium-turns-wa-into-a-millionaire-factory-ng-b88710843z