Too right. Yes, if you haven’t experienced this pain before, you...

Too right. Yes, if you haven’t experienced this pain before, you haven’t lived. We all remember 13.5c on the 23/3/20 don’t we.

Fast forward to our price tipping entries for 31/5/22 and you notice most of us had a price of around where it is now. Did anyone take out the extreme low and high entries and do an average? I think we would all be pleasantly surprised. So chins up all. The EV disruption isn’t over, although you would think so by the retrace the PLS SP is copping.

Anyone notice how empty the supermarket shelves are. Talking to a friend who works at Woolworths. Apparently they just cannot get staff for stocking shelves. The stock is out the back not making its way to the store shelves. Our local Cole’s just isn’t getting freshly baked bread presently. No staff. The whole world is suffering staff, materials and supply chain issues. This is flowing through and will turn up as profit downgrades now and in the near term. The markets are spooked. Will it start rearing its head in the Lithium demand story. Well we are about to find out.

PLS. We are one of the big players now and have positive cash flow. It may mean expansion slowdowns and battening down the hatches, again. So be it if that’s the case. Eventually demand will pick up again and PLS will be a front runner. In the meantime, take advantage if you have the time and funds. Sucks but most here would be happy if this is close to the bottom and we reflect on our expectations from a year ago.