PLS 9.93% 63.5¢ pilbara minerals limited

Interesting to note the share price spiked at 80 cents three...

  1. 38 Posts.
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    Interesting to note the share price spiked at 80 cents three years ago. The hype at the time was that there was some resource in the ground that may or may not be good in batteries in the future.

    Today we have a larger proven resource in the ground.
    We have obtained agreement with original land owners.
    We have obtained environmental sign off on the project.
    We have built a functioning plant in commercial production.
    We have demonstrated the quality ie 6% is readily being achieved.
    We have off take partners signed up.
    We have the capacity to SIGNIFICANTLY expand production.
    We have finance sorted in one form or another.
    We have potential off take partners trying to kick the door in.
    We have a potential arrangement for downstream processing with Posco
    We probably have additional options on the table for further down streaming processing involvement.

    In the last three years uptake of electric vehicles is accelerating.
    Large auto producers are sinking billions into design tooling etc for EV's
    Various Giga factories popping up all over.
    Various governments banning ICE's in the future.
    The conclusion of this is Li-ion batteries in what ever form have booted other options for a six.

    And the share price is still less than the spike three years ago? Really?
    Are fund managers blind?
    Big oil must be squeezing something that is rather sensitive. I wonder how long they can keep the lid on the obvious.
    Maybe when the pressure is released and fund managers have wiped away the the tears, they will be able to get a better focus.
    Au Revoir Big Oil


 
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