PLS - Pilbara Minerals

[fiftyeight]

Any of the more "fundamental" guys watching this one?

 

[PZ99]

I sold this in July @ 59c after the big shorts that previously dragged it down to 44c.

My current bid is 43.5

 

[fiftyeight]

Have been sitting on the sidelines of this one for ages.

Missed it initially as it was not in the asx200 and then feared I had missed the bandwagon.

 

[Muschu]

I sold this in July @ 59c after the big shorts that previously dragged it down to 44c.

My current bid is 43.5

Something similar happening with GXY?

 

[Wysiwyg]

Is it good practice to buy when up trends resume? Is the market wanting more than just large quantities but a move to feasibility and eventual mining?

 

[PZ99]

Something similar happening with GXY?

Looks like it. Never studied CXY but my PLS order got filled today so hopefully the shorters don't read this

 

[Muschu]

Looks like it. Never studied CXY but my PLS order got filled today so hopefully the shorters don't read this

I bought GXY some time back at 21.5 and the SP has bounced around ever since. At the time I tossed up between GXY and PLS.

Considering moving the $$ to S32...

 

[Wysiwyg]

Is it good practice to buy when up trends resume? Is the market wanting more than just large quantities but a move to feasibility and eventual mining?

Are some larger share holders wankers? Do they need to pull their heads in, sit down and shut the f up? Oh some people grate.

 

[Kryzz]

Interesting watching this one here, see if it closes >0.60

 

[Miner]

Any news on PLS in 2017? the detailed engineering is almost finished so they would be ready for construction. this is probably the largest lithium players and got the backing of MIN if I am not mistaken.
The management team is heavy with ex GXY and AGO personnel. Anyone has a crystal ball for this company?

 

[RedDirt]

Well PLS is down on the $1.25 reached on Dec 20, 2017 and slumped on the back of recent market volatility but wonder if anyone else is holding on through this? I have a few shares at .99c average and given PLS are so so close to production my sentiment is simply to hold on...

 

[Wysiwyg]

Yes, looking at the horizon. Still holding for PLS to become the big unit as the company planned.

 

[RedDirt]

I'm assuming wysiwyg you are still on! While others are drilling, planning or at various stages of extraction in WA, Albermarle and Tianqi own the Greenbushes (Talison) mine and have many years of experience in exporting spod. They are also well underway not just to export but convert to quality Li hydroxide. The Chinese and American owners currently have the world's biggest lithium mine and Tianqi is in construction of a $840M lithium hydroxide plant at Kwinana to process spod from Talison. Stage 2 completion is set for 2019 and nameplate claims 48,000 tonnes p/a of high purity, batterygrade lithium hydroxide.

This would make the Kwinana plant the world’s largest lithium hydroxide producer. The Talison mine is a JV although Albermarle and Tianqi are fierce production competitors. Albermarle are also at planning stage with a plant 2hrs south of Tianqi in WA, heralding double the Tianqi production rates. Tianqi is not talk it is happening.

This is not to talk down as I'm an small PLS investor but mining (and production) is one thing, the price of end processed commodity is quite another. The processing chain from supply of LiAl(SiO3) to appearing in the battery compartment of an appliance is long and complex. Having said that PLS as a hard rock supply source is very promising and an alternative to the mentioned who are fully supply committed.

 

[Wysiwyg]

This is not to talk down as I'm an small PLS investor but mining (and production) is one thing, the price of end processed commodity is quite another. The processing chain from supply of LiAl(SiO3) to appearing in the battery compartment of an appliance is long and complex. Having said that PLS as a hard rock supply source is very promising and an alternative to the mentioned who are fully supply committed.

The commitment from Great Wall, General Lithium and Gangfeng, DSO to come soon, the plant expansion to 5 mtpa, the processing plant JV with LG Chem and Polaris Shipping in South Korea all up ahead. You are right, supply v demand has a bearing as can be seen by the panic through the industry now with over supply fears.

 

[Wysiwyg]

Chris Ellison from Min. Res. said in August last year, my bold ...

"There are only four mines I know of that have got long-term legs in WA and WA is the heart of hard rock [lithium]," he explains, pointing to Wodgina, Mount Marion, the state's biggest operation Greenbushes, and the Pilgangoora mine being developed by Pilbara Minerals.

"And on the demand side, I think it is going to be power storage that turns the dial.

"We have had three battery manufacturers from China out and two of them are making big, power storage batteries. My impression was the perception of them in the market is they are car battery manufacturers but in fact they are seeing that battery storage is going to be a much bigger part of their business from this year onwards.

"That is where the market is going."

So demand is not being swamped by supply. Only the beginning in my opinion.

 

[Wysiwyg]

Gangfeng is a Pilbara Minerals customer and the largest lithium producer in China.

Excerpt (my bold);

China’s largest lithium producer Ganfeng files for $1bn HK IPO.

Sanderson 8 hours ago China’s Ganfeng Lithium, the country’s largest producer of the battery raw material, has filed for an initial public offering in Hong Kong that could raise at least $1bn. The share sale comes as carmakers are scrambling for supplies of lithium to meet their ambitious plans for development of electric vehicles. This week German carmaker BMW said it is close to signing five- to 10-year supply agreements for lithium and cobalt, another battery metal. Ganfeng will use the money for acquisitions, further exploration of lithium resources, and to expand capacity to meet rapidly growing demand from electric vehicles, according to a prospectus filing in Hong Kong. It has hired Citi for the process and could raise at least $1bn to $1.5bn, according to a person familiar with the sale.

 

[HelloU]

Just making a note of this.....

John Young director type left PLS to go to Spitfire Minerals.

 

[Wysiwyg]

Mr. Ken Brinsden (CEO & MD) speaking at the Melbourne Mining Club recently.

 

[HelloU]

First load to china successful. More to come. Note: it is general practice that you do not load without bank notes and escrow.......we're in the money.

 

[Wysiwyg]

Been ranging for awhile while the big stacks decide on when to move the price. Bit of a rise in the last few days and would be nice t o break .96 and later $1.