Australia's largest stock trading and investment forum Australia's #1 stock forum

PLS

Click for more information

0.48%

$3.13 pilbara minerals limited

Funny how UBS just ceased to be a substantial holder of GXY I...

First 29 Last

Share
Profile

Follow
ThinkBillions

2,976 Posts.

466

19/01/18

22:06

Post #: 30429637
Share

Originally posted by PatienceToWin ↑

This will make you feel a bit better an article from the Financial Review today UBS analyst Lachlan Shaw says the SQM deal will not affect lithium supply for at least four or five years given the time required to build the expansions. When SQM's expansion eventually does hit, Mr Shaw says demand should be surging sufficiently to ensure a shortage of lithium. "This new deal will require the biggest expansion in lithium brine production ever. Even for a company with SQM's technical proficiency, getting the studies, permitting, financing, a final investment decision and construction done on the scale we are talking about, is going to be three to five years before you get first production," he said. "Our view is quite bullish on the demand side … our demand numbers really kick into over-drive around 2022 and 2023."

Expand

Funny how UBS just ceased to be a substantial holder of GXY I believe yesterday. These analysts just don't make any sense. Has UBS finished shorting GXY now and want the price to go up? LOL

Just wait and see in the next week or so they will change their minds again.

PLS Price at posting: 99.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

There are more pages in this discussion • 76 more messages in this thread...

First 29 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $3.13		Change 0.015(0.48%)		Mkt cap ! $9.540B

Open	High	Low	Value	Volume
$3.16	$3.18	$3.12	$36.95M	11.70M

Buyers (Bids)

No.	Vol.	Price($)
61	523661	$3.12

Sellers (Offers)

Price($)	Vol.	No.
$3.13	330130	101

View Market Depth

No.	Vol.	Price($)
58	355711	3.120
49	410388	3.110
58	330892	3.100
26	339983	3.090
16	243666	3.080

Price($)	Vol.	No.
3.130	380968	105
3.140	335298	54
3.150	302655	36
3.160	300857	36
3.170	313917	31

Last trade - 13.14pm 25/06/2024 (20 minute delay)

PLS (ASX) Chart