PLS 0.86% $2.95 pilbara minerals limited

ALB and LIT NYSE down nastily on Friday. Has the bleeding...

  1. Rov
    667 Posts.
    lightbulb Created with Sketch. 52
    ALB and LIT NYSE down nastily on Friday. Has the bleeding stopped here? It doesn’t make sense to see a drop of such magnitude fir PLS. Forecasts are by nature rubbery. Are ‘weak hands’ being loosened? If so they didn’t precipitate a mass capitulation and indeed they never will. So the minuscule less than 1 per cent SOI movements are just insto games in my view and aren’t convincingly real price movements. All that needs to happen is a turn around in the cycle snd some cacti changes like interest rates heading down to move the dial. China can’t rely on high cost artisanal African small holdings and environmentally destructive high cost lepidolite activities ti feed its industry. A takeover might be in the wings too who knows Dale mentioned the possibility recently. As we know share prices often get pushed down in advance of a positive catalyst event so ‘they’ can scoop up shares from weak hands in a tree shake. Happening here perhaps?
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.