WR1 General Discussion, page-32639

Naysayers live in the winter frost. And their rhetoric is forever in the prices of the day, not the seasons that come.
But seasons change. The cure to low prices is low prices.
And then throw in any disruption geopolitical to modeled supply, and price volatility.
It is not just that low prices has the natural attrition effect, but makes when chance events geopolitical remove supply at a critical low , can exasperate price volatility.

How essential for PLS to diversify outside of AUS. Why was that? what can they not say, and must for political nice speak, say otherwise. Evident of their internal worry ?, that they did not acquire a preferred AUS second asset is it not ? If it was just earnings growth, they could have chosen the home soil. But rather, something is rotten in the home kitchen. Yet having Brazil, now LRS as a lifeline of earnings diversified away from the China- AUS paradigm. Yet, that they run the risk of the Brazil nationalists. And that starts with the loss of free speech.

https://www.bbc.com/news/articles/c5y3rnl5qv3o
"X, formerly Twitter, has been banned in Brazil after failing to meet a deadline set by a Supreme Court judge to name a new legal representative in the country.Alexandre de Moraes ordered the "immediate and complete suspension" of the social media platform until it complies with all court orders and pays existing fines.The row began in April, with the judge ordering the suspension of dozens of X accounts for allegedly spreading disinformation.Reacting to the decision, X owner Elon Musk said: "Free speech is the bedrock of democracy and an unelected pseudo-judge in Brazil is destroying it for political purposes."

"It closed its office in Brazil earlier this month, saying its representative had been threatened with arrest if she did not comply with orders it described as "censorship" - as well as illegal under Brazilian law.Justice Moraes had ordered that X accounts accused of spreading disinformation - many supporters of the former right-wing president Jair Bolsonaro - must be blocked while they are under investigation.He said the company's legal representatives would be held liable if any accounts were reactivated.X has been threatened with fines for refusing to comply with this order, with the company and Mr Musk joining critics in Brazil in accusing the judge as being left-wing."


My understanding in rough, free speech against the government is now forbidden in Brazil, and X (twitter) were asked to remove (silence) the accounts of its opponents. Elon musk would not comply, and has had to remove its people from Brazil so they couldnt be arrested.

PLS an 8.5b stock. Would be a train wreck if all its eggs were in AUS basket.
Yet have chosen diversification poorly IMO .

Who else will be looking for a tier 1 asset, in an even more secure location ?

A good point made above also that the shipping costs from Canada to Japan / Korea bugger all compared to the value of goods being transported.