PLS 3.16% $2.94 pilbara minerals limited

PLS chart, page-3695

  1. 8,984 Posts.
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    There's been a concerted effort to accumulate in the 230's on low volume, not able to drive the sp in any direction, cross dressing and short positions "trying" to supress IMO, for very little short term gain (expensive), tight range and thus dependant on how long they can cap it for a few pips each day.

    There is quite a few announcements on the horizon, finalisation on POSCO JV, Calix JV, more auctions using course concentrates from Ngungaju ramp up, have guided for production of 90 to 115kt for the quarter, and slightly lower shipments, say 10 to 15kt available for BMX.

    However, the key driver "should" be supply/demand imbalance as we enter 2022 CY, tight as fark.....
 
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