PLS's future, will it survive until the tide turns?, page-38

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mechanic

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24/08/19

17:26

Post #: 40134962
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Originally posted by Nolan78: ↑

Orocorbe Ltd(ASX: ORE) and Galaxy Resources Limited(ASX: GXY) shares tumbled yesterday as industry reports continue to suggest the lithium price has been on a steady downward trajectory. There’s no benchmark, spot or futures-based exchange traded price for lithium, unlike other commodities such as iron ore, gold, copper, or oil which adds to the volatility in lithium prices.
According to news reports in global mining industry journal Mining.com: “Despite the lofty expectations for demand from electric vehicles where lithium-ion batteries dominate, prices for the raw material have been in relentless decline for the last 18 months.”
The journal reports that certain lithium grade prices out of South America dropped 27% for the year to June, with certain lithium grade prices out of China and Australia posting even worse falls.
As there’s no benchmark price (due to their being different grades and constituents of lithium) with no exchange traded price (due to lack of regular volume) industry sources are reliant on miners self-reporting prices achieved to get a handle on spot prices.
Therefore investors in the likes of Pilbara Minerals Limited(ASX: PLS), Kidman Resources Ltd(ASX: KDR), Argosy Minerals Ltd(ASX: AGY)AVZ Minerals Ltd(ASX: AVZ), Galaxy and Orocobre should expect more volatility over the 12 months ahead.

PLS only has operating cash to last another 12 months and many sites are saying its going t be bad for these companies. The ones with no debt can ride it out but the ones with debt will fall.

I can post many other documents if you like.

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thats not a document its journalism,you could well end up in court with all your rubbish slanted biased claims regarding PLS, if you read the article you posted its full of sensationalism and little no substance , you are without a doubt a completely out of control Troll paid by who or just taking great delight in adding to peoples fears , the administrators will oblige PLS with your details and then should you find yourself in court you will have to defend your claims, it has happened in the past company have taken posters to court==you by your own admission do not hold stock

PLS Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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