Just smells like something is brewing; millions of $$ are being readily absorbed day after day as the cappers, shorts continue to feed the buys at this level...can't see much point from a straight shorters point; as to why they would continue to short at where we're currently at; the selling is being absorbed; there's only a pip or two up / down in variance at present and the potential risk to shorters of the share price igniting and burning them up in its trail is rapaidly increasing day by day, after all we have been told to expect BOA(s) before DFS, which in itself is due by months end.
BOA with GL signed for 140 ktpa, processing plant being evaluated , Which if it's a goer, would most likely take that volume again...BOA(s) expected, which will only add more tonnage..MIN after their legal outburst which shook the sp seem to have gone quite and are no doubt sniffing around for something. KB's over night new found talent for PR which was near non existent until the last week or two...
Resource upgrade to 128 million tonne and still more to come. I reckon some sparks are going to start to fly just after the DFS. I agree that some great PR prior to now would have greatly boosted the SP by stirring the large fund houses, but on the other side the ALB's / Tianqi's / Ganfeng's would have being closely monitoring PLS...no PR required on that front, as those guys would have been closely monitoring the potential rising of a significant player to their yard.
KB is now firing on the PR..(stirring the pot ) reckon the onlookers know things are beginning to heat up and one followed by another is likely to make a move very shortly
Personally I don't think it will be PLS taking that tenement to mining stage; I'd like to see them going to production, but in order to try and protect massive profits currently being enjoyed whilst also increasing ones arsenal ; PLS is primed to be taken out by one of the big boys.
Judging by Ozblues stock volume numbers of over 300 million shares held within the shareholder group and with most of those holders saying nothing under a dollar and with a $1-$2+ per share valuation many of those holders have mentioned ; Management will no doubt have their own not recommended / recommended threshold...I don't think it would be a case of an entity offering 10-20% over the current SP in order to suck up the company, but more to suck up as many shares as they could, as low as possible ( like now ) , which obviously technically dilutes the cost 'per' shares they will be required to pay.
Interesting couple of months ahead I reckon. The big boys will be getting agitated ...who moves first and who will fold
(20min delay)