To validate your point, Pokerface, I've attached one of my first...

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MasterStrategist

10,919 Posts.

1953

10/02/18

13:45

Post #: 30966400
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Originally posted by Barg ↑

To break the monotony of speculation here's a story from my distant past for those who enjoy a good yarn, and those "few" PLS - HC contributors that suggested I was being "flippant" and "talking rubbish" when I alluded to the possibility, in measured speak, that the aptly named Roskill and others may be wrong (intentional or via ignorance) about a looming oversupply of lithium going into 2018/19.

Towit, when I was a much younger man (barely 30) I was afforded the great privilege of being Sir Arvi Parbo's personal assistant (please forgive me for name dropping). The more senior of us would remember Sir Arvi as the Chairman of Western Mining and Director of BHP, to name but a few board positions. He was, and still is, one of the most respected men in the mining sector. That said, Sir Arvi was in high demand on the lecture circuit and more often than not, for several years, I would accompany him on his quest to enlighten mining executives, school student and gatherings of other notables on all manner of subjects. His talk completed, one of the most common questions put to him was, "What are your predictions for the Australian mining industry?" I'll paraphrase here, given it was a long time ago, but he would usually site Harry Truman's 1950s US Presidential Commission to asses the demand and supply of minerals for the next quarter century. For that Truman gathered the foremost analysts in the field. "As it eventuated, all the expert analysts turned out to be wrong," Sir Arvi would pointed out.

I picked up another parcel of PLS today for $1.00 in support of my own beliefs and that of the PLS - lithium, disruptive technology fundamentals. And more should the SP fall further.

As always, DYOR and "question" everything. Even the experts.

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To validate your point, Pokerface, I've attached one of my first posts sighting the words of Sir Arvi Parbo regarding the poor record of analysts and their questionable accuracy.

PLS Price at posting: 81.5¢ Sentiment: Buy Disclosure: Held
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