PLS - Pilbara Minerals

[explod]

Not one to trade in my view. The fundamentals are such that it is a long term hold in my view.

Breaking away from the $4 resistance area today.

 

[sptrawler]

I missed the bottom, as usual.

 

[Sdajii]

I missed the bottom, as usual.

Just barely, and trying to pick the absolute bottom is an extremely risky game which will usually burn you anyway. Generally the best time to buy is after you've missed the bottom and the bounce has started. This chart is looking great to me and I think we'll likely see it back in the 70s soon.

 

[farmerge]

Not one to trade in my view. The fundamentals are such that it is a long term hold in my view.

Breaking away from the $4 resistance area today.

View attachment 151581

PLS is one of my consistent trades but unfortunately didn't drop enough for me to board the train this morning and now have missed out on a tidy oick-up. That's what happens when work has to come first.

 

[Garpal Gumnut]

Not one to trade in my view. The fundamentals are such that it is a long term hold in my view.

Breaking away from the $4 resistance area today.

View attachment 151581

I've never held nor traded PLS but it seems to have delivered profits for ASF members.

In your chart @explod, todays bar looks like one of those candlestick thingamajigsies, spinners that are toppy.

I looked at it over the last year on the enclosed chart, with a fib retracement. Momentum looks good on an RSI. Volume today is not as much as I'd like for a clean break through $4 and the Citi recommendation makes me think some of their big clients may be selling.

It reversed nicely between the 50 and 62% retracement at previous resistance last year. The low volume on such a high % rise AND the Citi recommendation to buy make me wary.

The October triple top also makes me believe it is a hold and needs more consolidation sideways before getting the oomph to crack higher and not donate my paltry purse to Citi bigwigs.

gg

 

[Rabbithop]

PLS is one of my consistent trades but unfortunately didn't drop enough for me to board the train this morning and now have missed out on a tidy oick-up. That's what happens when work has to come first.

It's extremely hard to pick the bottom but I exited yesterday at 4.01 n hopping it will drop to 3plus before entering..so still waiting...
Just for a laugh on my expense....pretty sure some of us make this silly mistake too...while still recovering fr recent health nuisance n blurred fr medication, I read the BEN Ann div at 1 plus..so I dump in 40kplus into it..only to discover it's not what I read☹
Now trying hard to make a few buckroos to exit...

 

[Rabbithop]

I've never held nor traded PLS but it seems to have delivered profits for ASF members.

In your chart @explod, todays bar looks like one of those candlestick thingamajigsies, spinners that are toppy.

I looked at it over the last year on the enclosed chart, with a fib retracement. Momentum looks good on an RSI. Volume today is not as much as I'd like for a clean break through $4 and the Citi recommendation makes me think some of their big clients may be selling.

View attachment 151582
It reversed nicely between the 50 and 62% retracement at previous resistance last year. The low volume on such a high % rise AND the Citi recommendation to buy make me wary.

The October triple top also makes me believe it is a hold and needs more consolidation sideways before getting the oomph to crack higher and not donate my paltry purse to Citi bigwigs.

gg

Thank for your info..still waiting for 3 plus

 

[farmerge]

I've never held nor traded PLS but it seems to have delivered profits for ASF members.

In your chart @explod, todays bar looks like one of those candlestick thingamajigsies, spinners that are toppy.

I looked at it over the last year on the enclosed chart, with a fib retracement. Momentum looks good on an RSI. Volume today is not as much as I'd like for a clean break through $4 and the Citi recommendation makes me think some of their big clients may be selling.

View attachment 151582
It reversed nicely between the 50 and 62% retracement at previous resistance last year. The low volume on such a high % rise AND the Citi recommendation to buy make me wary.

The October triple top also makes me believe it is a hold and needs more consolidation sideways before getting the oomph to crack higher and not donate my paltry purse to Citi bigwigs.

gg

PLS like so many other stocks are not every one's cup of tea. For as a day trader charting is not on my radar. Just as much guessamation there as throwing a dart. I still have faith in that very wise sage "the bloke in the mirror". Depending on the volume I buy don't need too many cents profit to make a tidy pick-up, wallet filler or wheelbarrow load.
Everyone to their own means and ways, but as always that very important tail end bit DYOR

 

[farmerge]

It's extremely hard to pick the bottom but I exited yesterday at 4.01 n hopping it will drop to 3plus before entering..so still waiting...
Just for a laugh on my expense....pretty sure some of us make this silly mistake too...while still recovering fr recent health nuisance n blurred fr medication, I read the BEN Ann div at 1 plus..so I dump in 40kplus into it..only to discover it's not what I read☹
Now trying hard to make a few buckroos to exit...

Ah Rabbito great sadness which we all endure from time to time.
I also exited PLS yesterday at $4.01 thinking like you the dip would be mid $3.90's sadly left us standing at the station.

 

[farmerge]

PLS like so many other stocks are not every one's cup of tea. For as a day trader charting is not on my radar. Just as much guessamation there as throwing a dart. I still have faith in that very wise sage "the bloke in the mirror". Depending on the volume I buy don't need too many cents profit to make a tidy pick-up, wallet filler or wheelbarrow load.
Everyone to their own means and ways, but as always that very important tail end bit DYOR

Ah Rabbito great sadness which we all endure from time to time.
I also exited PLS yesterday at $4.01 thinking like you the dip would be mid $3.90's sadly left us standing at the station.

Rabbito I bought back into PLS this morning and sold it pretty quickly have since re-entered the PLS train but it is dragging a wheel somewhat and fallen past the re-buy price.

 

[Rabbithop]

Rabbito I bought back into PLS this morning and sold it pretty quickly have since re-entered the PLS train but it is dragging a wheel somewhat and fallen past the re-buy price.

You are brave. I am still sitting tight. 4.01 seems to stuck there.

 

[explod]

I'm just hold hold hold. Good investment for this ole codger

 

[rcw1]

Good morning
It has been reported today (20/01/23) that (PLS) Pilbara Minerals is sitting on a $2.2bn cash pile after stronger prices and a lift in lithium production and shipments boosted its December quarter performance.

The group produced 162,151 dry metric tonnes (dmt) of spodumene concentrate, up 10 per cent quarter on quarter from its Pilgangoora project in WA. Shipments totalled 148,627 dmt, up 8 per cent, at an average realised sales price of $US5668/dmt (SC5.4 basis, CIF China), a 33 per cent jump on prices during the September quarter.

Have a very nice day, today.

Kind regards
rcw1

 

[Rabbithop]

Good morning
It has been reported today (20/01/23) that (PLS) Pilbara Minerals is sitting on a $2.2bn cash pile after stronger prices and a lift in lithium production and shipments boosted its December quarter performance.

The group produced 162,151 dry metric tonnes (dmt) of spodumene concentrate, up 10 per cent quarter on quarter from its Pilgangoora project in WA. Shipments totalled 148,627 dmt, up 8 per cent, at an average realised sales price of $US5668/dmt (SC5.4 basis, CIF China), a 33 per cent jump on prices during the September quarter.

Have a very nice day, today.

Kind regards
rcw1

There is a speculation going round that PLS sitting on big cash n may decide to pay div. Since that speculation the price drop at worse was a few cents of $4 for about 1 mth now.

 

[rcw1]

There is a speculation going round that PLS sitting on big cash n may decide to pay div. Since that speculation the price drop at worse was a few cents of $4 for about 1 mth now.

Good morning Rabbithop,
Nice gain at the minute ...
See what it does then M8

Not holding
Kind regards
rcw1

 

[explod]

Pilbara Minerals fetches over $8k per tonne

Pilbara Minerals earned $US5668 ($8202) per dry metric tonne of spodumene concentrate in the December quarter of 2022.

www.australianresourcesandinvestment.com.au

"Pilbara Minerals earned $US5668 ($8202) per dry metric tonne (dmt) of spodumene concentrate in the December quarter of 2022, a 33 per cent jump from the three months before.



That’s a decent windfall when you’re shipping 148,627dmt for the quarter, and Pilbara’s bottom line saw the benefits with the company adding $851.1 million to its cash balance in the December quarter, rising from $1.38 billion to $2.23 billion.

Spodumene production increased 10 per cent quarter-on-quarter and shipments increased 8 per cent, with Pilbara’s product allocated to offtake agreements and spot sales. 25,000dmt went to participants of the Battery Material Exchange (BMX) auction platform.

Pilbara continued to target lower product grades in the December quarter as part of its production and marketing strategy to shift more sales. The average grade of product shipped during the quarter was 5.4 per cent lithium oxide, with a pro-rata pricing adjustment made against the SC6.0 (6 per cent lithium oxide) reference price.

While Pilbara’s unit operating costs was down 5 per cent quarter-on-quarter ($579/dmt compared to $612/dmt in September quarter), the company said it continued to be affected by higher costs from labour shortages in the WA mining sector, supply chain disruptions and general inflationary cost pressures.

The company’s economies of scale from higher production, lower maintenance costs with one less shutdown and lower fuel costs helped offset the cost crunch.

In December, Pilbara Minerals announced it had completed price reviews with its offtake customers, with the company fetching $US6300/dmt on a SC6.0 basis for offtake shipments that fall within December 2022 and onwards.

This coincided with an update on its P680 expansion of its Pilgangoora lithium operation in Western Australia, with bulk earthworks for the primary rejection facility nearing completion and bulk earthworks for the crushing and ore sorting package on track for completion in late January 2023."

A wonderful investment for me. Won the lotto. Up nearly 10% today. Will hit news overnight and go more tomorrow in my view.

 

[sptrawler]

Thinking more on 3 to 3.50

How did you go? Did you get in.

 

[Rabbithop]

Good morning Rabbithop,
Nice gain at the minute ...
See what it does then M8

Not holding
Kind regards
rcw1

OMG! Was busy n tuned in on ABC news just for the finance n saw PLS hit 4.40...Now putting what I am working on hold to boot up my CPU only 2 words....HARA KIRI....comes to my mind....
Mate worked it out .....40k into it at $4....What's my missing profit could be??????

 

[Rabbithop]

How did you go? Did you get

Ha

How did you go? Did you get in.

How did you go? Did you get in.

Extremely sad...almost perform HARA KIRI....Ideally going price should be around $3 plus, only my opinion but we can't control the ramping, yes, I think that High of almost 4.50 all of the sudden, is my thought. Unless someone knows better news on the inside.
If Div is Ann then I can see it will shoot up to $5 - $6.
Will continue my watch for 3 plus on outstanding buy or may up to 4.

 

[rcw1]

Pilbara Minerals fetches over $8k per tonne

Pilbara Minerals earned $US5668 ($8202) per dry metric tonne of spodumene concentrate in the December quarter of 2022.

www.australianresourcesandinvestment.com.au

"Pilbara Minerals earned $US5668 ($8202) per dry metric tonne (dmt) of spodumene concentrate in the December quarter of 2022, a 33 per cent jump from the three months before.



That’s a decent windfall when you’re shipping 148,627dmt for the quarter, and Pilbara’s bottom line saw the benefits with the company adding $851.1 million to its cash balance in the December quarter, rising from $1.38 billion to $2.23 billion.

Spodumene production increased 10 per cent quarter-on-quarter and shipments increased 8 per cent, with Pilbara’s product allocated to offtake agreements and spot sales. 25,000dmt went to participants of the Battery Material Exchange (BMX) auction platform.

Pilbara continued to target lower product grades in the December quarter as part of its production and marketing strategy to shift more sales. The average grade of product shipped during the quarter was 5.4 per cent lithium oxide, with a pro-rata pricing adjustment made against the SC6.0 (6 per cent lithium oxide) reference price.

While Pilbara’s unit operating costs was down 5 per cent quarter-on-quarter ($579/dmt compared to $612/dmt in September quarter), the company said it continued to be affected by higher costs from labour shortages in the WA mining sector, supply chain disruptions and general inflationary cost pressures.

The company’s economies of scale from higher production, lower maintenance costs with one less shutdown and lower fuel costs helped offset the cost crunch.

In December, Pilbara Minerals announced it had completed price reviews with its offtake customers, with the company fetching $US6300/dmt on a SC6.0 basis for offtake shipments that fall within December 2022 and onwards.

This coincided with an update on its P680 expansion of its Pilgangoora lithium operation in Western Australia, with bulk earthworks for the primary rejection facility nearing completion and bulk earthworks for the crushing and ore sorting package on track for completion in late January 2023."

A wonderful investment for me. Won the lotto. Up nearly 10% today. Will hit news overnight and go more tomorrow in my view.

Well done explod

Kind regards
rcw1