As I said in a previous post I did not bring up the comparison...

First 4772 Last

Share
Profile

Follow
sandfire

2,592 Posts.

445

07/11/22

10:03

Post #: 64622062
Share

Originally posted by drsking ↑

Sandfire you missed alot of context in that comparison. This is why comparing sp/mc like for like over time doesn't show the whole story. Pls preproduction 2017. This is from memory so timelines will likely be slightly off.

Sp $1. Production, goals not hit, nameplate struggling, floats down. GS oversupply article and 6 months later supply contracts not honouring floor pricing. People destroying PLS saying how terrible it is. Cap raise 1 think it was 100mill US just to stay afloat round 30ish cents (down from $1). Hammered more, another cap raise to stay afloat. Price down. People piling on the hate. AJM goes into receivership. PLS cap raise 240mill at 36ish cents. Buy out ajm and c+m plus moderate production. Sp shrinks to 12-16c. People are signing the death knell. Time passes. Prices rise. Supply demand imbalances becomes evident and bmx comes along bringing transparency to the market. Since then it has marched up AND down to its current price. Holding and buying through this is painful, gut wrenching and emotionally exhausting as you research and try and work out whether your initial assumptions on demand and the electrification narrative are real. Thats what PLS SP $1 5 years ago to now means.

The reason I types all this is for context. Success is never linear and there will be gut wrenching moments and plenty of self doubt. That is life. IF you believe in and have researched non stop on a certain theme (iron/lithium/nickel, whatever it may be) then these moments will come. Money is not made easily.

Expand

As I said in a previous post I did not bring up the comparison between PLS and AVL.
A bit of history regarding PLS and AJM which I held.
AJM went into Admin 26/10/20,because of high interest rate loans and low spod price around $400 p/t.
PLS acquired AJM 20/1/21 including a raising $119m @ 36 cents 14/12/20 at the time equity raising the share price was 25 cents.When the take over was completed PLS share price was $1.15 and has climbed ever since. PLS being in the right place at the right time, with increasing value of spod.Had AJM been able to hold on for months I dare say they would still operating.
Anyhow enough of lithium shows here.

AVL Price at posting: 3.2¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint