PLS

1.37%

$2.88 pilbara minerals limited

PLS vs KDR, page-179

First 179 Last

Share
Profile

Follow
Ianwil

13,373 Posts.

960

06/07/19

18:25

Post #: 39405496
Share

Originally posted by Kikker1959 ↑

Thank you for your email. The product produced at the Pilgangoora Lithium-Tantalum Project has consistently met or exceeded customer’s expectations in respect of grade and deleterious elements. Further, Pilbara Minerals maintains excellent relations with its customers and as such we do not believe product quality is impacting the share price. Any rumour mongering in regards to poor product quality is just that, and we have sought in prior ASX releases to clearly state that our product quality is excellent.

With regards to the share price, we believe recent changes in market dynamics has had a negative impact on stocks over the last few weeks. Broadly speaking, this is due to the current spodumene market conditions in China being tempered by delays in the construction, commissioning and ramp-up of chemical conversion facilities that handle spodumene concentrate supply (being the raw material feedstock to those plants).

Considering these market dynamics and following discussions with both Ganfeng Lithium and General Lithium, we have decided to respond proactively to current market conditions by moderating production from the Pilgangoora Lithium-Tantalum Project until the end of July to allow time for customer facilities to continue to ramp-up. This information was contained in our announcement of 17 June 2019.

While chemical conversion capacity is perceived to be constrained in the short term, we believe the underlying fundamentals and demand for battery-ready lithium chemicals remains strong and will continue to do so

as demand for EVs continues to increase in the coming years. As such, we are focused on our long term strategy to expand and diversify our supply chain to become a fully integrated lithium raw materials and chemical supplier to ensure we are ready to capture this growth in time to come for us and our shareholders. The Pilgangoora Lithium-Tantalum Project is an outstanding project - its high quality and significant scale positions it to become a low cost operation and one of the biggest lithium projects in the world.

As you can appreciate we can’t control the market, all we can do is continue to deliver on our long term strategy and trust this will be reflected in the share price in time to come.

Thank you for your continued support.

Pilbara Minerals Shareholder Services

Expand

All the workers are busy building Elon Musks giga factory, when that is finished things will pick up. That will do for a reason

PLS Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

IMA

Issues emerging as Australian companies tackle critical minerals challenge

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 112 more messages in this thread...

First 179 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $2.88		Change -0.040(1.37%)		Mkt cap ! $8.673B

Open	High	Low	Value	Volume
$2.93	$2.96	$2.88	$50.87M	17.45M

Buyers (Bids)

No.	Vol.	Price($)
10	127610	$2.88

Sellers (Offers)

Price($)	Vol.	No.
$2.90	103550	8

View Market Depth

No.	Vol.	Price($)
7	45872	2.880
10	105038	2.870
10	98093	2.860
40	230616	2.850
9	49778	2.840

Price($)	Vol.	No.
2.900	51000	5
2.910	8100	2
2.920	20622	4
2.930	165625	11
2.940	130765	9

Last trade - 16.10pm 11/10/2024 (20 minute delay)

PLS (ASX) Chart

PLS vs KDR, page-179

Issues emerging as Australian companies tackle critical minerals challenge

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PLS vs KDR, page-179

Top Stories

Issues emerging as Australian companies tackle critical minerals challenge

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News