PLS 1.35% $3.76 pilbara minerals limited

So much time and effort being devoted to the opening and...

  1. 372 Posts.
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    So much time and effort being devoted to the opening and closing
    price on Monday. I can understand that attention if you folks were
    really old like me. Not so much attention being devoted to what is
    really important; namely, verification.

    Investors and analyst alike have been so busy pontificating about
    supply and demand and when will we move into a serious supply
    deficiency. Will it be in 2022 or 2023? How serious will it be?
    Hasn't this BMX sale given us an incredible insight into the future.

    The real beauty of this auction is that it gives us an absolute insight
    into what is called Fair Market Value or FMV. FMV is what a willing buyer
    is willing to pay to a willing seller. As it relates to lithium, now we know
    for sure what it is currently. More importantly, the fact that there were 17
    bidders some of whom had to be making bids over $1000 is telling the
    true story which might very well be that lithium is already becoming hard to come by.

    Forget about Monday's price. Focus on the fact that we are still in the
    initial stages of the implementation of a "Disruptive Technology" and plan
    accordingly.
 
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