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PLS - Pilbara Minerals

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PLS is a stock that I was heavily into sometime ago, but gave it up as a dud until recently. So this week as it sailed out to sea i was left at the wharf shouting "what about me, I want to be on board" Reset the buy price a couple of times only to still be left waving at the rear of a disappearing vessel. Perhaps next time I will be taking more than a passing interest in that very wise sage, the bloke in the mirror !!!!!
 
• Favourable market conditions and strong operating margins support the establishment of a Capital Management Framework, including an inaugural dividend policy.
• Capital Management Framework designed to establish an appropriate structure that prudently allocates available capital between investment into the existing business, sustainability commitments, strategic growth opportunities, as well as the provision of sustainable returns to shareholders.
• Target dividend payout ratio established at 20-30% of free cash flow.
• Inaugural dividend payment to be applied to 2023 Financial Year.

that came sooner than most thought
 
PLS has taken pity on me and back peddled back to port giving me the opportunity to get on board, this being only for a short stay as i jumped ship with a profit a short time later. Have since found the boarding gang plank and am now ensconced in my bunk on board, and have a 2nd buy in place, Oh happy days, but will Friday be a good one or Frightday????
 
I joined you on that trip reloading after previous trailing stop exit.all rosy yesterday
 
Just love the way this is going in my investment portfolio. DYOR, but well worth considering for the longer term in my view.

Investors / shareholders David Hann Investor Relations Specialist Ph. +61 (0)8 6266 6266 Media Nicholas Read Read Corporate Ph. +61 (0)8 9388 1474 ABOUT PILBARA MINERALS Pilbara Minerals is the leading ASX-listed pure-play lithium company, owning 100% of the world’s largest, independent hard-rock lithium operation. Located in Western Australia’s resource-rich Pilbara region, the Pilgangoora Operation produces a spodumene and tantalite concentrate. The significant scale and quality of the operation has attracted a consortium of high quality, global partners including Ganfeng Lithium, General Lithium, Great Wall Motor Company, POSCO, CATL and Yibin Tianyi. While it continues to deliver a low-cost, quality spodumene to market, Pilbara Minerals is pursuing a growth and diversification strategy to become a sustainable, low-cost lithium producer and fully integrated lithium raw materials and chemicals supplier in the years to come. Through execution of this strategy, Pilbara Minerals is positioned to become a major player in the rapidly growing lithium supply chain, underpinned by increasing demand for clean energy technologies such as electric vehicles and energy storage as the world pursues a sustainable energy future.

 
Sadly my pls packet was lost on a SL this week, at a let's put it gently :the exact intraday falling low with only my packet sold it seems or so, and then the SP going up onward to finish higher..hum thanks commsec..
Reminder
I have to remove all SL with commsec on share with low lower volumes.
Let's hope i can get in again
Very disappointed with this matter
 
Good evening qidfrog. just recently rejoined the buying/selling with PLS, but can't quite get the buying and selling in sinc as I would like .The bloke in the mirror keeps saying "get your act together" Haven't been able to put in the necessary time to keep up to date as the work load is pretty heavy at the moment. Damn it's costing me moolah this having to work !!!!!
 
Looks like State Street and their associated shorters are driving it to the next target area.

I still struggle with the fact that a stock can be manipulated (legally ??) so far away from its true value.

(Weekly chart at 13th Dec, click to expand)
 

I don't think this is short sellers - this is a jittery market reacting a reduction (albeit minor) in the spodumene price. Check out the BMX results. They couldn't keep going up forever.
 
waterbottle said:
- this is a jittery market reacting a reduction (albeit minor) in the spodumene price. ..They couldn't keep going up forever.
Click to expand...
And 7% drop. The 12th time there was an auction.

Spot on, @waterbottle ... As you commented elsewhere, GL1 thread for their results
An upgrade, but I think it will get dragged down by rest of the market. PLS also achieved a lower spodumene auction price so that will feed into the theory that the lithium market is weakening.
Click to expand...
 
Bought back into PLS this morning at what I thought was a good SP Since then the plug has been pulled and the PLS boat is sinking Help, help he cried.
 
waterbottle said:
I don't think this is short sellers - this is a jittery market reacting a reduction (albeit minor) in the spodumene price. Check out the BMX results. They couldn't keep going up forever.
Click to expand...
The jittery market works in their favour,
State street have offloaded their 5% holding to their shorting affiliates (PLS report 13th Dec) and if you watch they will be buying them back in the next few weeks. A routine process for State Street.

Go back through the "Becoming Substantial Holder" and the "Ceasing to be Substantial Holder" reports on PLS and the other half dozen they are also working on.
 
Good morning
Citi warned that BMX auction pricing may have peaked for the company.
Citi further commented that pricing remains strong however market is tight. The broker expected a 20 per cent downside for lithium for the year ahead amid a 50 per cent uplift in lithium carbonate forecasts for 2023 of $US60,000 per tonne.


All Lithium stocks have copped a smack. INF though up 3.45%.

Have a safe and happy Christmas and prosperous New Year.

Kind regards
rcw
 
rcw1 good morning Farmer is not happy with PLS at the moment paper loss is causing a headache!!!!!
 
Feels like somebody with a lot of shares decided that now is a good time to exit PLS and other smaller holders are following it down.

End of year jitters? Coming recession in the US and Europe? Gut feeling lithium prices have peaked? Today's announcement? Could be any, all or none of those reasons but the bottom line is PLS has had an amazing run in the last couple of years. Money getting taken off the table at these levels is hardly surprising.
 
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