PLS pilbara minerals limited

Why PLS and AJm always down in the naughty corner, page-8

  1. 1,341 Posts.
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    Spodumene oversupply?

    AVZ is in a coma. AJM were supposed to bring out their Quarterly today. Wherefore art thou? AJM CEO said he would announce Stage 2 update in Jan19. Their COO departs.

    No AVZ, no AJM Stage 2? I reckon those Spodumene oversupply issues may dissipate soon and Lithium pricing may start recovering.

    The one thing that cures high prices, is high prices. Conversely ...


    A year ago we were $1.25. Stage 1 had commenced construction ... only.

    We were 88c last October with production and first shipment. MIN announce sale of 50% of Wodgina valuing Pilgangoora at over $3.2b. We announce 5mtpa Stage 2 FID. We announce eventual yield will be 6.2mtpa. We announce funding in place and development proceeding. We announce water for Stages 2 and 3. We announce on spec Stage 1 production at 85% of nameplate at Dec18. We announce Stage 3 to 7.5mtpa (and who knows eventual yield ... 9mtpa?).

    The SP goes to 65c.

    You have to laugh and perhaps shout a hearty WTF!

    Methinks something is rotten.
 
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Last
$1.48
Change
0.030(2.07%)
Mkt cap ! $4.762B
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