PLS chart, page-18152

Actually, it was CATL who took a stake at 30c, I think from memory, Ganfeng was much higher. Stand corrected if I balsed that up.

Ganfeng are the biggest Lithium chemical producer in the world. They knew demand was coming. No luck involved. Part of the CCCP cartel that were/still are controlling the market, they took a strategic stake in PLS and probably thought they could get the mine cheap at one stage, along with CATL. Those plans came to a screeching halt when the CCCP stopped importing Aussie crayfish, LOL, and our FIRB sent a clear message of, no more cheap assets for you.

Going back to that period. ASX behemoths like RIO, could have taken a large stake or (TO) in PLS very cheaply but they couldn’t pull their heads out of there own A&$@s and missed the opportunity. Now we just hear their BS narrative which is them trying to dismiss their ineptitude in front of pissed off SH’s.