PLS 0.34% $2.99 pilbara minerals limited

PLS - $2.54 - by 31 Dec 21. Updated., page-301

  1. 5,499 Posts.
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    Talking about the future is always uncertain and difficult.

    Everyone so sure that supply won't meet demand.

    A classic economics play of rising prices with a consequent increase in supply killed the lithium price in 2019.

    That was only two years ago.

    History repeats. Just because the pumpers tell you supply won't demand - remember - in 2019 the globe EASILY did this:

    https://hotcopper.com.au/data/attachments/3464/3464143-146dc422a477d2f1ac46bf27a1503ce3.jpg
    So at $7 billion market cap and the world moving back into defensive value stocks - why hang yourself on the washing line?

    Above is not financial advice and my opinion only.
 
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