PLS - Pilbara Minerals

[HelloU]

Ann 2day re first concentrate load is .......loading. Fe seems a bit much to me but everyone else seems happy so? ........maybe better next time as they get through the upper stuff but now I will have to go back and research what was is the ore loads previously.

 

[Wysiwyg]

Fe seems a bit much to me but everyone else seems happy so?

Strange why they even mention it. I think the social media misinformation and hyped discussions about iron content has prompted the Fe entry in the announcement. PLS have even quoted the Fe is not an issue with the customers so why all the Neville No Ideas have an issue with it I do not know.

 

[HelloU]

They use on-site magnetic separation to achieve these levels .......

 

[Wysiwyg]

The customers are content with < 1.4%, no problemo.

The DMS circuit has achieved some positive results through the commissioning process with select samples achieving ~ 6.2% lithia content with typically less than 1.8% Fe 2O3(ultimately targeting below 1.4% Fe2O3 in product).
While promising, the results are still not being achieved consistently at this stage of the DMS commissioning.
Further adjustments are being worked on (primarily in relation to further iron removal and optimising the higher-density Stage 2 DMS recovery) prior to this product stream being fully operational. This is expected to be resolved in the coming weeks.

 

[HelloU]

Correct, not all of the dead cow on the BBQ is fillet steak .....

 

[HelloU]

The customers are content with < 1.4%, no problemo.

U r correct with no problemo, in the end they were actually half of what they had reported in the preliminaries ......0.7% odd. That is lineball Tianqi and better than AJM. No problems there for $ and finding buyers at good money.

 

[Wysiwyg]

U r correct with no problemo, in the end they were actually half of what they had reported in the preliminaries ......0.7% odd. That is lineball Tianqi and better than AJM. No problems there for $ and finding buyers at good money.

To quote the announcement on final product shipped.

The Company is pleased to confirm that the final specifications of the shipment were 6.256% lithia and 0.724% Fe2o3.

The Neville No Ideas will disappear into the woodwork again.

 

[Logique]

The opening of the Pilbara Minerals, new Pilgangoora lithium-tantalum mine featured in a story on ABC tv tonight. Pretty happy with this, ABC tv very positive about the mine and the lithium market generally.

All those batteries for smartphones, smart (electric) cars and solar generation. Disclosure, I hold.

 

[greggles]

The Pilbara Minerals share price has fallen quite a bit during December, down from around 85c to 62c. Can any of you PLS followers please fill me in on the reasons why? I'm a little confused.

 

[Wyatt]

The following excerpt taken from recent ORE announcement.

So Li price reduction, general chaos and whatever that last sentence in the announcement means, have something to do with Li stocks getting a pasting of late. Good to see a bounce for holders.

Will be keeping an eye on some of the battery mineral producers as demand will probably outstrip supply one of these days

 

[Ann]

The Pilbara Minerals share price has fallen quite a bit during December, down from around 85c to 62c. Can any of you PLS followers please fill me in on the reasons why? I'm a little confused.

View attachment 90913

Very, very easy answer greggles PLS is riding the lithium chart down....

Lithium decreased to 104.32 points on Friday December 21 from 105.01 points in the previous trading day. Historically, Lithium reached an all time high of 156.80 in January of 2018 and a record low of 62.79 in February of 2016.

and a chart for the price of lithium.

 

[Wysiwyg]

Most commodity prices have fallen and stock prices worldwide have been marked down considerably.

 

[HelloU]

U r correct with no problemo, in the end they were actually half of what they had reported in the preliminaries ......0.7% odd. That is lineball Tianqi and better than AJM. No problems there for $ and finding buyers at good money.

and with the benefit of some time it is not for me to say that first load may have been special - 1.27% is the running average (as expected by those who invest time in thinking about this stuff).

 

[Garpal Gumnut]

It's up 15% today.

gg

 

[Wysiwyg]

Selling half the farm ...

 

[barney]

It's up 15% today.

gg

And another gap up today …… Big Volume …… into production … market likes it …. looks good ….

 

[kahuna1]

Several reports out ... Macquarie pushing this stock a few times a week

 

[Smurf1976]

Selling half the farm ...

I'm not at all convinced with this stock.

A nice run up from 67c to 88.5c on high volume but that takes it to an area with a lot of congestion on the chart over the past year or so and now it's back down to 79.5c which is lower than yesterday's close.

Do not hold.

 

[Wysiwyg]

It all hinges on the Partnering outcome. Either a good deal or a mediocre deal. MacBank are chief negotiators. Livent announced their interest in an Australian Lithium company. There aren't many at PLS stage of development with large resource.

Henry Sanderson MARCH 28, 2019

Lithium producer Livent is looking to acquire resources in Argentina and Australia to expand its access to raw materials to meet rising demand from electric cars, chief executive Paul Graves said. The company, which was spun out of its parent FMC and listed on the New York Stock Exchange last year, said it was looking at low cost high quality assets in Argentina and Australia.

 

[HelloU]

surely they are comparing numbers to further south (livent i mean ....darwin being another choice)
xtra transport vs cost of getting iron down to 0.005

dunno, they are all in the weeds atm.