PLS n DLI

[Rabbithop]

Words fr the Boss...
PLS boss Dale Henderson says more than 70 companies have thrown their hat in the ring to help develop a new lithium chemical plant from its Pilgangoora expansion.
It came as Pilbara Minerals continue to print cash in the June quarter, boosting its bank balance by 24% to $3.3 billion after selling 176,300t of spodumene in the fourth quarter, an increase of 22%.

The first train of a JV hydroxide processing plant with South Korea’s POSCO is 65% complete, while PLS has started a process to partner on a plant that will use 300,000t of unallocated spodumene concentrate from the 1Mtpa expansion of its Pilbara mine, enough to support “multiple hydroxide trains”.
MD Dale Henderson says interest in the partnering process shows how much the profile of the lithium market has changed in recent years.

 

[Rabbithop]

WHY SHARE PRICE DROPS....

lithium market suffered an epic sell-off on Friday in the Northern Hemisphere and Monday across the ASX, apparently off the back of a sliding futures contract on the Guangzhou exchange in China.​

According to Caixin Global and Bloomberg, the trade took lithium carbonate for January delivery on the Guangzhou exchange down 12.6% from US$34,260/t to under US$30,000/t.

It followed a short term hit in December on a similar fall in the Wuxi lithium carbonate contract, which did precede a slide in lithium chemical prices across the first four months of 2023.

But Henderson warned investors around taking small market price moves on face value.

“All I would say is I caution everyone that these types of data points whether it’s the Guangzhou exchange or the Wuxi exchange, we have seen in the past outsized responses to smart contracts and small volume movements and I encourage people to step back and look at the macro drivers because from our view they remained very strong.

“Specifically as it relates to our customers, demand remains strong, we have no issues moving our product, it flies out the gate. The question is what pricing and we have an abundance of offers and customers to sell product to.

“So given this noise that you hear around some of these market trades, just like to reassure you from our perspective, this is a great market.”

 

[farmerge]

WHY SHARE PRICE DROPS....

lithium market suffered an epic sell-off on Friday in the Northern Hemisphere and Monday across the ASX, apparently off the back of a sliding futures contract on the Guangzhou exchange in China.​

According to Caixin Global and Bloomberg, the trade took lithium carbonate for January delivery on the Guangzhou exchange down 12.6% from US$34,260/t to under US$30,000/t.

It followed a short term hit in December on a similar fall in the Wuxi lithium carbonate contract, which did precede a slide in lithium chemical prices across the first four months of 2023.

But Henderson warned investors around taking small market price moves on face value.

“All I would say is I caution everyone that these types of data points whether it’s the Guangzhou exchange or the Wuxi exchange, we have seen in the past outsized responses to smart contracts and small volume movements and I encourage people to step back and look at the macro drivers because from our view they remained very strong.

“Specifically as it relates to our customers, demand remains strong, we have no issues moving our product, it flies out the gate. The question is what pricing and we have an abundance of offers and customers to sell product to.

“So given this noise that you hear around some of these market trades, just like to reassure you from our perspective, this is a great market.”

Bought back into PLS at the opening SP this morning, somewhat less than the sell off I did yesterday. Come on high $5's and a healthy dividend to boot.

 

[farmerge]

With a positive outcome from the USA on Friday I am hoping that the follow the leader the ASX will open strongly tomorrow.The PLS I bought on Friday did finish with a paper profit but some more cents higher would be great to finish the month off.

 

[farmerge]

Departed the PLS train this morning just under the SP high. Hapy with that. Unfortunately missed the $4.81 dip

 

[Rabbithop]

What can I say of these 2 stocks...Standing on opposite poles...PLS voted top stock at Diggers conference while DLI dashing for the wooden spoon.
Go explod with PLS...cheering you on....knock off Wild cat in your run for August top prize.

 

[farmerge]

What can I say of these 2 stocks...Standing on opposite poles...PLS voted top stock at Diggers conference while DLI dashing for the wooden spoon.
Go explod with PLS...cheering you on....knock off Wild cat in your run for August top prize.

Sadly Rabbito i am watching DLI drift southwards. I was doing reasonably well till this week.

 

[farmerge]

What can I say of these 2 stocks...Standing on opposite poles...PLS voted top stock at Diggers conference while DLI dashing for the wooden spoon.
Go explod with PLS...cheering you on....knock off Wild cat in your run for August top prize.

Sadly Rabbito DLI needs a supporting hand or at least a good annoucement again.

 

[DrBourse]

IMO - DLI Needs to go back to $0.29c, then try to get it's house in order, then put some work into it's financials, then carry on business in a logical way...

 

[farmerge]

IMO - DLI Needs to go back to $0.29c, then try to get it's house in order, then put some work into it's financials, then carry on business in a logical way...

Dr B ceetainly needs something done besides going backwards

 

[Rabbithop]

IMO - DLI Needs to go back to $0.29c, then try to get it's house in order, then put some work into it's financials, then carry on business in a logical way...

Thanks n noted.

 

[DrBourse]

Remember Brokers are here to make 'youse all' GO BROKER - Brokers pushing $1.25+ for DLI are Loco IMO...

 

[farmerge]

Remember Brokers are here to make 'youse all' GO BROKER - Brokers pushing $1.25+ for DLI are Loco IMO...

Well Dr B if DLI go tto a dollar then I'd be out and all that would be visible would be the dust as I powered off.

 

[DrBourse]

Just browsed through that recent D&D Report.....

Loved this bit -
Quote "Forward-looking Statements and aspirational targets Some statements in this Presentation regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future matters. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables and risks that could cause actual results to differ from anticipated results and may cause Delta’s actual performance and results (and other forward-looking statements) to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. Readers should not place undue reliance on such forward-looking information. There can be no assurance that forward-looking statements will prove to be correct. This Presentation may include aspirational targets. These targets are based on management’s expectations and beliefs concerning future events as of the time of the release of this Presentation. Targets are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Delta that could cause actual results to differ materially from such statements". UNQUOTE

Yeah, Right, thats sheep talk..... Don't like Sheep in my paddock.....

 

[farmerge]

Just browsed through that recent D&D Report.....

Loved this bit -
Quote "Forward-looking Statements and aspirational targets Some statements in this Presentation regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future matters. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables and risks that could cause actual results to differ from anticipated results and may cause Delta’s actual performance and results (and other forward-looking statements) to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. Readers should not place undue reliance on such forward-looking information. There can be no assurance that forward-looking statements will prove to be correct. This Presentation may include aspirational targets. These targets are based on management’s expectations and beliefs concerning future events as of the time of the release of this Presentation. Targets are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Delta that could cause actual results to differ materially from such statements". UNQUOTE

Yeah, Right, thats sheep talk..... Don't like Sheep in my paddock.....

Obviously drawn up by a Public Servant who specialises in goobedy gook

 

[DrBourse]

This PLS n DLI Forum shud B renamed, the "FarmWabbitFunnyFarm" , the sheep will luv it....

Sorry guys, been a slack afternoon, too many Cawfees' n' not enough BD

 

[DrBourse]

Gone - CYA's Next Week

 

[farmerge]

This PLS n DLI Forum shud B renamed, the "FarmWabbitFunnyFarm" , the sheep will luv it....

Sorry guys, been a slack afternoon, too many Cawfees' n' not enough BD

no sheep at this farm only bovines Dr B and they finished better than I expected.

 

[farmerge]

Remember Brokers are here to make 'youse all' GO BROKER - Brokers pushing $1.25+ for DLI are Loco IMO...

I did pick up some more PLS this morning on the advice of that extremely wise sage "the bloke in the mirror", and watched as it fell away. Happily PLS came back to within 1c of the buy in price. So the "sage"is suggesting Monday will be maka da monee.

 

[Rabbithop]

This PLS n DLI Forum shud B renamed, the "FarmWabbitFunnyFarm" , the sheep will luv it....

Sorry guys, been a slack afternoon, too many Cawfees' n' not enough BD

Dr B, ?????? FarmWabbitFunnyFarm..love it...
On serious note.. Agree with your comments ...the highlighted lines and in addition the last sentence..I am shutting my gate.