PLS 0.00% 47.0¢ pilbara minerals limited

The stock should have hit $2 by now.Longer term I see the stock...

  1. 106 Posts.
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    The stock should have hit $2 by now.


    Longer term I see the stock as high as $10 but that is another 7 to 10 years away.

    Look at all the other lithium companies that are in the $10 range. They all started the same way with their share prices going and up down like a wild coaster ride.


    My plan is far longer term. Give it another 5 years and all this will be forgotten and it will be trading well about $3 by then.

    At some point they'll do dividends and then the stock will go through the roof.


    There is always risk of the company imploding and folding. Atlas Iron was going along nicely then the iron ore price fell like a heavy rock and a share price of a high $4.34 became 1c in only a few months and that was the end of them.


    FMG is selling lithium too and can't be discounted to wipe everyone else out. They have the massive infrastructure to out sell lithium to everyone else and the sale steam to make it happen.


    I see a stock market correction coming soon. We are now over due for a massive crash in my view. Every 5 to 10 years a market correction. Last nasty one was 2008. Trade wars likely to spook the market sending all stocks into free fall.


    Market is based on greed and panic and nothing else really.

 
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