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clock Created with Sketch. 18/05/18
06:36
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Originally posted by Tran
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On 23rd of March, immediately after KDR upgraded its lithium resource to be the world's biggest hard-rock lithium deposit, equal the current operating GREENBUSHS mine also located in WA, FOSTER STOCKBROKING issued a research report on KDR and placed a target price of $2.72 on it.So, I wonder how much value will be added to sp target by Foster Stockbroking, Blue Ocean, Hartley, Morgan Stanley...in their next updated report on KDR. I believe we will see a target price of above If PLS's mc is up 50% from here towards the end of this year 2018, then our sp upward potential will be %200. The current sentiment to lithium investment has finally turned corner to a positive sentiment for 2018 after numerous events of late and it is therefore in my opinion it is not hard to see PLS mc to move up 30%-50% by year end.3 major de-risks over the last few weeks: resource upgrade, refinery selection, and Tesla off-take agreement (and also the next imminent off-take with a major European car-maker, VW most likely).
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Spot on Tran,we are featuring on Bloomberg today with a nice article,this sort of publicity on a world audience can only keep us moving in the right direction.I think we will see some good increase in share price as international investors come on board in a bigger way.
