Positive Near Term Outlook, page-4

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bobadah

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28/09/15

11:36

Post #: 16071784
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Originally posted by Wombat2 ↑

Hi All
I was discussing the activities that are likely to drive the share price in the next few months with another PLS investor over the weekend and our thoughts turned to what lies ahead of us after such a positive result last week with all the news flow of TT acquisition and the massive resource upgrade. These comments are also taking into account the responses that I got talking with management at the RRS conference. I am sure like me this is matter is constantly on your mind. Listed below are a few things that I could classify as near term catalysts for an increase in SP.

1. More high grade drill results over October to mid December in both new areas to the north and south and previously drilled areas where infill drilling is taking place

2. Flow on effect from RRS conference. We also had the largest number of posts on HC on Thursday in particular which will get PLS some attention.

3. The successful acquisition of Tabba Tabba will result in a large increase in cash flow in the next year.

4. First production at TT and the official opening with guests from Govt and the financial media. Could be a good news story as there a precious few new mines starting up. Not to mention that this one is the hottest metal in the world.

5. First cash receipts for TT ore at mine gate

6. Results on grade testing that JY told me that he is organising from DD cores from latest round of drilling since May.

7. A whole bunch of analysts wake up to the fact that we have a potentially valuable mine like SFR >$500m in a very accessible area with fantastic infrastructure within 100kms of the mine.

8. All going well by Xmas an upgraded JORC resource calculation which settles beyond any doubt that we have a significant lithium and tanatalum resource at Pilgangoora most probably worth well in excess of A$700m or 80c per share.

I am sure there are a few other things that I have not thought of such as "entry into the ASX 300 but that is further down the track.
Chrs w2

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Regarding entry to the ASX 300, we currently are well above the lower market cap stocks in that index. Also, we have had a pretty good market cap since 1 September (the latest re adjustment for the index) so provided we can hold a good average market cap over the 6 months to 1 March we should have a good chance of making the ASX 300 on 1 March 2016.

PLS Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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Last $2.93		Change -0.160(5.18%)		Mkt cap ! $8.823B

Open	High	Low	Value	Volume
$3.05	$3.08	$2.91	$69.76M	23.57M

Buyers (Bids)

No.	Vol.	Price($)
22	294361	$2.92

Sellers (Offers)

Price($)	Vol.	No.
$2.94	3706	2

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No.	Vol.	Price($)
22	294361	2.920
23	509889	2.910
62	352638	2.900
11	84590	2.890
17	116307	2.880

Price($)	Vol.	No.
2.940	3706	2
2.950	1900	2
2.960	17700	3
2.970	44051	6
2.980	262211	8

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