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PLS, PILBARA MINERALS LIMITED
blacksheep
post Posted: Mar 12 2019, 11:13 AM
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In Reply To: blacksheep's post @ Jan 14 2019, 08:54 PM

extract from Joe Lowry's recent article - Lithium Blunders: from the Big 3 to Oz - Ken Brisden/PLS gets a mention

QUOTE
The failures of the former Big 3 helped speed the growth of Ganfeng and Tianqi and created opportunities “Down Under” which leads me to a “blunder in progress”.

Emerging Blunder #4, comes from the ‘Merry Old Land of Oz”. I am a big a fan of Australia. Friendly, hard working people, great food and a long standing mining culture. Unfortunately, Australia's strength in mining also drives their weakness in how they think about lithium. Too many Aussies talk about “lithium mining”. Yes, lithium is mined in Oz but that is the easy part. The alpha but certainly not the omega. The rest of the world clearly understands that lithium is really a chemical business with, in some cases, a mining component.

Australia and many newly minted lithium pundits born and bred in Oz talk about Western Australia as the #1 lithium producer on the planet. To those who think that is true, let me ask – if you are #1, why aren't you currently in the top 3 in lithium value capture? I will leave my Aussie readers to curse me on Hot Copper while they search their souls for the answer or re-read the “The Lithium Valley”- LOL. Please listen to Episode 23 of the Global Lithium Podcast where one of your own talks common sense about capturing value downstream. I admire what “the man from the land down under” aka Ken Brinsden has done at Pilbara. He understands the future and has a practical plan to get there as Pilbara grows. He knows that the future lies in Australian companies capturing value from both mining and lithium chemical production.


read more - https://www.linkedin.com/pulse/lithium-blun...-3-oz-joe-lowry
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 14 2019, 08:54 PM
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PLS gets a mention in the following article.

extract from The Bull's - 2018 ASX 200 Winners and Losers - http://www.thebull.com.au/premium/a/79480-...and-losers.html

QUOTE
A newcomer to share market investing would look at this list and wonder how four of the five stocks with the highest growth forecasts performed so poorly in 2018. What’s more, even a casual follower of business news has read of the coming emergence of Electric Vehicles (EVs). Hardly a person on the planet is unfamiliar with the lithium-ion battery that powers the electronic toys of today and the vehicles of tomorrow.

Three of those four worst performers are in the business of mining the metals needed to produce those li-ion batteries. Those three companies – Pilbara Minerals (PLS), Orocobre Limited (ORE), and Syrah Resources (SYR) along with satellite communications provider Speedcast International (SDA) are all in the ASX Top 30 Short List.

In the eyes of many retail investors, the short-sellers, or shorts, are the smartest people in the room since with the unlimited risks they face due diligence is a premium without which they cannot do.

The essence of short selling is borrowing shares at a given price and profiting when the price drops and the seller buys the shares at the lower price and pockets the difference. When the price goes the opposite way the losses keep mounting, theoretically to infinity, until the shorts panic and buy to cover. That means, in theory at least, the shorts need to be virtually certain a given stock is due for a downtrend.

So why would they bet against EVs and their battery packs? Retail investors who have been in the game for awhile know how quickly a red-hot sector can freeze over. In the fire-up stage investors rush in to buy and producers rush in to produce more of whatever has caught fire, thus inadvertently lowering the price. Orocobre and Pilbara are in the lithium business while [u][b]Syrah is a graphite producer. Initially the shorts appear to have latched on to the falling price of both graphite and lithium as the perception crept into the market that supply was outstripping demand. In addition, some experts were questioning the extremely optimistic forecasts for EV demand in the next decades.
[/b][/u]
Now there is a new concern; one that was always there and has now bubbled to the surface. The truth is the lithium-ion battery may not be the technology of tomorrow as it has serious drawbacks. Right now, cobalt, graphite, nickel, and manganese are in the mix but research efforts for alternatives abound. The industry was shocked in mid-2018 when Tesla’s CEO Elon Musk made the claim that cobalt, once the must have metal, would be less evident in Tesla batteries in favor of increased nickel content, a cheaper metal.

That could have served as a reminder of the potential of other minerals falling out of the mix in the future. The price of both lithium and graphite has been volatile over the past several years, but both are improving.

While the price of both metals fell due to the oversupply issue, lithium recovered more quickly than graphite. Now the concern for graphite has shifted to shortage concerns with the price gradually improving in 2017. The following graph is from Canadian producer Northern Graphite.

All three of these companies are on the cusp of major production capability and at the very least deserve a spot on any investor’s watchlist.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 12 2018, 09:31 AM
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Corporate presentation out - .... slide 20 ; hard rock lithium (spodumene) producers, with Grade plotted against Resource Tonnes.

When you're pulling out a 2% Li2O feedstock, to be 'concentrated' to 6%, size matters



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 15 2018, 12:42 PM
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Lithium: Activity continues apace in Australia, but a market cyclone approaches

QUOTE
Roskill view: Electric vehicle (EV) sales in China remain strong, albeit some uncertainty caused by changes to incentive policy in mid-2018. As more mineral projects commission in Australia, however, Roskill sees a market already stockpiling spodumene concentrate (before factoring any DSO that increasingly looks stranded) and becoming significantly oversupplied in 2019 under current projections. This, in the context of falling Chinese spot prices, will reduce margins for converters, many of whom may now be questioning their fixed-price agreements. The experiences of 2013/14 may not be engrained in the memory of many lithium market participants and investors, but 2019 could be far worse. Weather cyclones may not be the only worry in Western Australia into 2019. The impact on refined production, where incumbent suppliers continue to set the beat on supply and prices, will be lessened, although contagion may not be avoided entirely. The long-term outlook for lithium remains robust, but is it longer-term investment or capitalising on a short-term peak that sees FMC spinning off its lithium division, Tianqi and Ganfeng raising large sums in Hong Kong, and Mineral Resources divesting part of Wodgina in H2 2018?


read more - https://roskill.com/news/lithium-activity-c...one-approaches/
https://www.shortman.com.au/stock?q=pls
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Apr 28 2018, 12:39 PM
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Posts: 5,313
Thanks: 1945


QUOTE
Exporting unprocessed Australian lithium will prove to be a short-lived trend according to Pilbara Minerals managing director Ken Brinsden, who played down the chances of his company making a rival bid for takeover target Atlas Iron.

Most Australian lithium is exported in concentrate form, but strong demand for the commodity over recent years has prompted some miners to export lithium-rich spodumene ore in unprocessed form under the moniker of "direct shipping ore" or "DSO".

Mineral Resources is expected to ship about 4 million tonnes of DSO in fiscal 2018, and Pilbara Minerals will also start exporting DSO within "four or five weeks" through a partnership with Atlas Iron, which has strategically valuable port capacity at Port Hedland.

While Pilbara Minerals' first exports will be in DSO form, Mr Brinsden said he did not expect that line of business to rival the company's core focus on selling lithium concentrates.

"Maybe I will be pleasantly surprised, but I am reasonably firmly of the view that it [DSO] is a short-term phenomenon... I just don't think it has much in the way of longevity," he said at the Melbourne Mining Club.

Read more: http://www.afr.com/business/mining/raw-lit...p#ixzz5Dvm1lz5y




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 28 2018, 03:24 PM
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In Reply To: nipper's post @ Feb 28 2018, 07:05 AM

QUOTE
Pilbara Minerals has secured a tie-up with South Korean steel giant POSCO, which will take spodumene concentrate for the life of the miner's Pilgangoora Stage 2 project in Western Australia.

POSCO will also invest $79.6m in Pilbara Minerals at 97 cents a share, to contribute towards the development of the five million tonnes per annum Stage 2 project.

PLS has also agreed to take around a 30 per cent stake in a planned 30,000 tonnes a year chemical conversion plant in South Korea




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Feb 28 2018, 07:05 AM
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Thanks: 1945


PLS in an immediate trading halt be put on its securities pending an ASX announcement regarding an offtake and the Company's growth initiatives

QUOTE
First spodumene concentrate on track for late Q2 with Stage 1 plant construction and mine development advancing rapidly; establishment of DSO operation underway with first sales expected early Q2




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 14 2018, 04:50 PM
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Thanks: 1945


Some 40-50 small investors hold more than a million shares each ... having stayed in and added during the hard years

https://thewest.com.au/business/lithium/lit...y-ng-b88710843z

QUOTE
In November 2013, Pilbara raised $750,000 at just 1¢ a share, topping up seven months later with $920,000 at 1.5¢. As late as June 2015, it tapped the market for $6.5 million at 4.5c.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 18 2017, 12:10 PM
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In Reply To: blacksheep's post @ Nov 10 2017, 12:41 PM

Notable short sales alert - Fri 15th Dec, 2017 24,178,259 1,629,605,402 1.48% 72,436,021 33.38%
https://www.shortman.com.au/stock?q=PLS
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 10 2017, 12:41 PM
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SP passed the $1.00 mark today with this announcement

QUOTE
PILBARA SIGNS MOU FOR POTENTIAL SOUTH KOREAN
DOWNSTREAM PROCESSING FACILITY
• Pilbara Minerals is in non-binding discussions in relation to the formation of a potential joint venture
(‘Lithium Korea’) with Polaris Shipping and LG Chem for the development of chemical conversion facilities
supplying up to 30,000 tonnes of Lithium Hydroxide to the South Korean lithium-ion battery industry.
• Lithium Korea is a special-purpose corporation incorporated by Polaris Shipping, envisaging, subject to
further discussion, the participation of both Pilbara Minerals and leading South Korean conglomerate LG
Chem (a key end-user of lithium chemicals) within the Chemicals JV.
• Pilbara Minerals has signed a preliminary non-binding Memorandum of Understanding (MoU) with
Polaris Shipping to initiate further discussions in relation to its JV participation in the[ chemical facilities,
raw material supply agreements and product off-take agreements respectively.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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