PLS - Pilbara Minerals

[Rabbithop]

Just tired of sitting around for weeks and getting no where. Just dump my pot into Wildcat, sit n watch what Aunty G planning to do.
Changing from iron ore to lithium and gold....hmmmm.. maybe.

 

[farmerge]

Just tired of sitting around for weeks and getting no where. Just dump my pot into Wildcat, sit n watch what Aunty G planning to do.
Changing from iron ore to lithium and gold....hmmmm.. maybe.

And also perhaps. She has sold out of some of her pastoral holdings so has a dollar or two extra in her handbag

 

[explod]

My entry for November, apologies Joe for being a bit late, getting old and bit off colour, and would you believe it is up today.

Perhaps I have hit the bottom at just the right time. We shall see.

 

[peter2]

Shorts being squeezed.

 

[Iggy_Pop]

My pick for the January 24 stock tipping. PLS has been sliding down for a while now and is due for a turn around soon.

Iggy

 

[Iggy_Pop]

Also one of my picks f

My pick for the January 24 stock tipping. PLS has been sliding down for a while now and is due for a turn around soon.

Iggy

Also one of my four picks for the 2024 comp. PLS should recover after the recent drop.

Iggy

 

[Logique2]

Required to comment, as PLS is one of my picks on the ASF Full Year 2024 Stock Picking thread.

Near term technical turnaround is the hoped for outcome. And a near term pickup in the worldwide lithium market.
Debt to Equity is just 13%.
Australian fields (Port Hedland - ethical extraction).
PLS is contructing a 6MW photovoltaic power plant, with a signed downstream power purchase agreement.

 

[Iggy_Pop]

Also one of my picks for 2024 share tipping comp

From the quarterly report - Sales +9%, Production +22%, Cost reduction 14% savings but share price -7.8% for January. Lithiun price is the the driver for this share to advance over the next year. The company appears on track

Iggy

 

[Rabbithop]

It's been a while returning to this page. Noted a big fund Shareholder had entered the arena. My humble thought...
1) would they know something we don't?
2) would there an up coming div paying?
3) last but no least, hope it's not due to high shortees demand for loan.

 

[qldfrog]

It's been a while returning to this page. Noted a big fund Shareholder had entered the arena. My humble thought...
1) would they know something we don't?
2) would there an up coming div paying?
3) last but no least, hope it's not due to high shortees demand for loan.

I own PLS but now am getting worried .
Why?
Well the Motley fool guys keep pushing for it..and it has never been a good sign in my book
Am I contrarian in nature?
Well I probably know the answer..
Fundamentals wise, ok as long as EVs are still forced on people

 

[Rabbithop]

I own PLS but now am getting worried .
Why?
Well the Motley fool guys keep pushing for it..and it has never been a good sign in my book
Am I contrarian in nature?
Well I probably know the answer..
Fundamentals wise, ok as long as EVs are still forced on people

I read n take MF's guide as a pinch of salt.
Have a gd chunk of PLS going no where.
Lucky for LTR moving up yesterday..surprise but managed to exit on yesterday's high with good reward
Now, what I need is for PLS n other stocks to hike up.

 

[Boggo]

The shorters have been accumulating it over the last few weeks and now hold 11% of PLS.
No surprise that Goldman Sachs has a sell on it with a valuation of $3.20.

This practice should be illegal imo.

 

[peter2]

Short positions still > 20%.

 

[Boggo]

Short positions still > 20%.

View attachment 169887

Correct, should have read 21%.

 

[rcw1]

Correct, should have read 21%.

Only scratches the surface … add onto that traders buying up on short low ….

Quantitatively be a nightmare, but reckon there is an accumulative affect …
especially if super funds buy in with a free hit, shifting big coin …

Nothing new but certainly food for thought so to speak ..

Have a very nice day, today.

Kind regards
Rcw1
Edit: forgot the 1

 

[Logique2]

-10.8% YTD it's my only loser,
What on earth is going on with the lithium market. 21% short positions on PLS is a concern.
Technically, signs of life, 3.50 looks an important support level.
In the lap of the gods, but it's had long term strength..

 

[Logique2]

Unsure why it would open +2.4% higher this morning (Mon).
Perhaps a delayed response to the 7 Feb market announcement?

(7 February 2024)
PILBARA MINERALS EXTENDS OFFTAKE
AGREEMENT WITH CHENGXIN LITHIUM

."...The amendment results in a significant extension and expansion of the offtake agreement until the end of
calendar year 2026 (CY26)...
...• CY24 - Pilbara Minerals will supply an additional 60kt of spodumene concentrate taking the total supply in CY24 to 85kt..."

 

[Iggy_Pop]

With a price of lithium dropping recently, this is reflected in the PLS share price. But longer term lithium will still be needed for batteries etc. I noticed Australian Super mentioned they are buying lithium stocks such as PLS for a long term hold. After the drop in share price, PLS is up a small amount this month so it is still on track for a reasonable performance this calendar year. Maybe we have seen a bottom?


Iggy

 

[eskys]

Big News for Lithium​

Plenty of bullish developments popped up over the weekend for lithium. It's worth noting that names like Pilbara Minerals (ASX: PLS) rallied 7.2% last Friday.

• Unconfirmed speculation: The CATL Jianxiawo mine was reportedly shut down before Chinese New Year and CATL may be reluctant to continue production below 95,000 yuan (US$13,000) a tonne for lithium carbonate.
• Barrenjoey assumptions: The speculation signals that we are approaching the lows for this lithium cycle. If CATL, the world's largest battery producer, is turning off lepidolite production, then surely a lot more producers will follow. If Jianxiawo is taken out of the analysts supply and demand models, it would see the market move from a ~1% surplus to a ~2% deficit in 2024.
• Government tax credits: The AFR reported Albanese government plans to fast-track a system of production tax credits for the nickel mining industry. The article also outlined plans to extend the credits to lithium miners should prices continue to fall.

The most heavily shorted stocks on the ASX include #1 Pilbara Minerals, #3 Core Lithium, #4 Sayona Mining and #16 Liontown Resources.

---

Super Gains, Super Losses​

Nasdaq-listed Super Micro Computer, which specialises in providing high-performance server and storage solutions, rallied as much as 250% year-to-date to a brief high of $1,077.

It finished last Friday's session down 25% from record highs, closing at $803 .The stock hit a daily RSI of 97, the second ever stock to do so. The first was Gamestop.

The move should serve as a reminder that a) be careful buying parabolic moves; b) never risk more than you are willing to lose and c) it's best to be early in (and possibly early out) of bubbles.

Bank of America says the AI-Magnificent 7-Tech bubble has a little more room to run, relative to previous bubbles.

The above is from Market Index this morning

 

[Logique2]

Squeeze those shorts!
(..and give me four green ink picks at end Feb)

https://www.marketindex.com.au/asx/pls ..26 Feb 2024