Spodumene Prices, page-386

I was originally drawn to invest in PLS because I believed
that electric cars represented a significant disruptive technology.
Not just a disruptive technology but a significant one. Every day we
visit this message board and are immersed in this sector. We talk and
act like this disruption is well under way. Is that really true?

Over the past year the Chinese were very, very short sighted when it
came to the lithium producers. They hung us out to dry. To date it looks
like the surviving lithium producers have learned their lesson. Given the
literally hundreds of billions of dollars of investment pouring into the NEV
sector, how much will the car manufacturers be willing to pay for product
when a substantial shortage takes place. Bear in mind lithium is a relatively
small component of the overall price of a car. This is I admit a long winded
way of saying we have absolutely no idea about how high the price of our
product might get in the future. Look at the price gains recently. Did any of you really
anticipate such a sharp increase?

One last point. There has been a substantial reduction in the number
of folks posting here since the recent drop in the share price. You
couldn't ask for a better example of how effective tree shaking can be.
Ask yourself, who bought all those shares RFC and many retail investors
sold?
stay safe.