PLS 5.69% $3.16 pilbara minerals limited

POST TRADING HALT - WHAT NEXT, page-464

  1. 43,284 Posts.
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    You can try the End of year prediction for the SP. It was REALLY one sided and I thought at the time it could be used unofficially as a good contrarian indicator loosely speaking. I follow Simon Moores/Benchmark but what gets me is the positive spin on the demand side of the equation being bottleneck of converter or battery manufacturing capacity. The number of new EV/total motorised sales is still an insignificant amount that relies on Chinese generous subsidies. A poster (sorry can't remember who it was) kindly provided me a link that displays all the Chinese car sales and they have been shrinking the entire 2019! Then I have other diehards ignoring what I see as leading indication that the car industry is not really expanding which require a 'wealth effect' before they pay premium for the privilege of exotic EV.

    Who in their right mind will rush out and buy a Hyundai EV at $50K when you could get an extremely comfortable Holden or Toyota in an economy that is zombie like for years now!
 
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