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$4.19 pilbara minerals limited

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122

14/05/16

14:14

Post #: 17767050
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Originally posted by ozblue ↑

Naut600, don't complicate things too early.
Let's get into production and significant cashflow, so we have a bank of funds. Then look for an almost broke converter because they can't get spodumene supplies. Then build that business. Much cheaper and much less risk.

Galaxy made the mistake of trying to build their own plant in China before they had any cashflow. We have a resource that will last decades so there is no rush to make it 'risky'.
Taking the safe very profitable path of spodumene production then look at the options available when there is a lot of cash in the bank.

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Thats a great business model. Buy a struggling lithium converter with share options/cash and onsell the Purified much Upvalued Lithium!!!
As You said...Keep It Simple and just get to mining and production stage with revenue!

PLS Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last $4.19		Change 0.010(0.24%)		Mkt cap ! $12.61B

Open	High	Low	Value	Volume
$4.20	$4.24	$4.17	$45.33M	10.78M

Buyers (Bids)

No.	Vol.	Price($)
3	22127	$4.19

Sellers (Offers)

Price($)	Vol.	No.
$4.20	255294	8

View Market Depth

No.	Vol.	Price($)
3	22127	4.190
19	982293	4.180
11	188402	4.170
9	76093	4.160
9	114868	4.150

Price($)	Vol.	No.
4.200	255294	8
4.210	62614	14
4.220	34159	16
4.230	290564	30
4.240	187556	27

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $4.21			Change 0.010 ( 0.57 %)
Open	High		Low	Volume
$4.20	$4.24		$4.17	4071195
Last updated 15.59pm 06/05/2024 ?

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