The article was published on the Bell Direct website on 12th...

The article was published on the Bell Direct website on 12th December. It was a very detailed and exhaustive analysis of the PLS operations. Those investors that have access to it would be confident in the future of PLS.
For those with access to the Bell Direct site the link is: https://www.belldirect.com.au/file.type?src=2NxhR8XMZx7ug9I37gDYTBEfR1ADpXXP
Their target SP for the coming 12 months was $3.90 which was a rather conservative number.
For those that don't have access, their final investment view is summarised here:
"PLS is a large, liquid and clean exposure to global lithium fundamentals and sentiment. Recent lithium market weakness has seen heavy short selling in PLS (~21% short sold). However, we view this position as a short-sighted momentum trade. PLS is a low-cost producer, it operates in a tier one jurisdiction in Western Australia,and has a strong balance sheet ($2.6b net cash at 30 September 2023) which can withstand weaker lithium prices and support expansion programs. We are confident that EV-led demand will see strong medium to long-term lithium market fundamentals.
We also see the potential for PLS to participate in industry consolidation. We have initiated research coverage on PLS with a Hold recommendation, in conformity with our research recommendation structure."