Hi all,
Based on our
1. very low EV/Resource - best value to anyone globally either producer or explorer; and
2. 30+ years of production life; and
3. Low iron content (note explorers are just trying to work out lithium is on their sites let alone metalurgy; and
4. Largest low cost hard rock producer on the planet compared to other proposals or other existing operators. I think cheaper than any brine operation for batteries for EVs or Storage.
I can confirm the ruler is now being run over PLS. It is more so a case of does the offtake and prepayment come first or an offer.
If it was me on the other side I would make an offer as future demand forecasts and price expectations appear wrong - Canaccord will be the first of many revisions we will see for higher lithium expected future prices.
This is the most comfortable trade I have ever done.
If management wants some advice:
1. June - Release updated competant person report as soon as possible.
2. July - Complete the offtake + prepayment.
3. August release DFS.
This would generate greatest value for shareholders and keep a consistent news flow. If the do DFS and offtake + prepayment at same time it would result in a lower share price.
This is my view. Do your own research and by all means if you disagree express the view.
I am planning to go to China to visit all the processors of spodumene to further verify what I believe.
Cheers,
Super Ninja
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Last
$3.14 |
Change
0.025(0.80%) |
Mkt cap ! $9.420B |
Open | High | Low | Value | Volume |
$3.16 | $3.18 | $3.12 | $41.96M | 13.31M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
57 | 486888 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.14 | 330840 | 84 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
54 | 395710 | 3.130 |
62 | 484942 | 3.120 |
47 | 479741 | 3.110 |
57 | 325277 | 3.100 |
23 | 336636 | 3.090 |
Price($) | Vol. | No. |
---|---|---|
3.140 | 334525 | 93 |
3.150 | 371509 | 49 |
3.160 | 303724 | 39 |
3.170 | 323802 | 32 |
3.180 | 467745 | 33 |
Last trade - 14.10pm 25/06/2024 (20 minute delay) ? |
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