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post Posted: Mar 2 2020, 08:07 PM
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In Reply To: macdtrader's post @ Jan 31 2020, 12:04 PM

Went long today on PLS.
Hasn't been any borrow for a couple of weeks. Perhaps many borrow returns due. Looks good for a bounce.

post Posted: Jan 31 2020, 12:04 PM
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In Reply To: mullokintyre's post @ Nov 11 2019, 09:29 AM

Could be another cap raising soon enough.
Losing $15 million per quarter.
Borrow rate now 18% for short selling.
Was previously 12%
Tells me the market makers don't want you short, cause that's where the money will be made.

post Posted: Nov 11 2019, 09:29 AM
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PLS in trading halt.
Capital raising anyone??

sent from my Olivetti Typewriter.
post Posted: Sep 11 2019, 02:04 PM
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In Reply To: crystal's post @ Sep 11 2019, 01:15 PM

Only 6.5% short yesterday

post Posted: Sep 11 2019, 01:15 PM
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In Reply To: myshares's post @ Sep 9 2019, 01:09 PM

hi myshares

to the best of my knowledge short covering is when the traders who have shorted the stock or index etc
buy back in
maybe anticipating the stock will go up rather than further downcheers

post Posted: Sep 11 2019, 09:32 AM
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In Reply To: myshares's post @ Sep 9 2019, 01:09 PM

Expect a lot more short covering today.
SQM and ALB up big overnight.


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post Posted: Sep 9 2019, 01:09 PM
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In Reply To: macdtrader's post @ Sep 9 2019, 11:55 AM

Interestingly almost all short sales fell by 1-2 % so not sure that is short covering yet

Not sure what the general reset was for but presume someone will know

post Posted: Sep 9 2019, 11:55 AM
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In Reply To: macdtrader's post @ Sep 8 2019, 07:45 PM

Short sales now under 10%

post Posted: Sep 8 2019, 07:45 PM
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In Reply To: blacksheep's post @ Sep 4 2019, 12:28 PM

Should see some short covering around these levels.
Im now long PLS.

post Posted: Sep 4 2019, 12:28 PM
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In Reply To: blacksheep's post @ Aug 29 2019, 10:51 AM

Pilbara Minerals introduces CATL as a strategic investor to underpin a A$91.5m equity raising

Company executes Share Subscription Agreement with China’s largest EV battery manufacturer (CATL)
who will emerge with a 8.5%1 stake in Pilbara Minerals following completion of a A$55.0 million
strategic placement, further supporting the Company’sstrategic objectives and validating the quality
of the world-class Pilgangoora Project


ï‚· Equity raising comprises a A$55.0 million strategic placement to CATL and a A$36.5 million
underwritten institutional placement for a total of A$91.5 million
ï‚· CATL to invest in Pilbara Minerals through a placement of A$55.0 million equating to an 8.5%1
ownership interest. Agreement provides for the possibility of further customer diversification
with an established participant in the lithium-ion supply chain
 CATL is China’s largest battery manufacturer for electric vehicles and has strong existing
relationships with leading global EV manufacturers, including Toyota, BMW, Volkswagen and
ï‚· A Share Purchase Plan (SPP) will also be offered to eligible shareholders to raise up to an
additional A$20.0 million
 Equity raising will strengthen the Company’s balance sheet and provide increased working
capital during the remaining ramp-up of the Pilgangoora operation to nameplate capacity, as
well as funding for Pilbara Minerals’ participation in the POSCO Downstream JV chemical
conversion plant, Stage 1 improvement projects and Stage 2 expansion studies

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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