PLS - Pilbara Minerals

[Dona Ferentes]

What i get from this is that this was done at commercial rates (not the previous vulture rates that all the aussie Li coys are/were subjected to). Lithium in aussie may well be moving from a crawl to a walk? I would like that.

https://www.cefc.com.au/

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• The CEFC Board determines, on a case-by-case basis, whether an investment is "solely or mainly Australian-based", with regard to the circumstances, conditions and/or other matters referred to in the Investment Guidelines.

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Low emissions technologies

 

[Dona Ferentes]

with Altura now at the receivers Korda Mentha

Pilbara Minerals and Galaxy Resources have rushed straight to Altura Mining's lender group to try and stitch up a snap deal to acquire the embattled lithium play. Sources told Street Talk the two companies had been in talks with Altura's loan note holders, to try and nut out a quickfire deal.
Pilbara shapes as the frontrunner in the race and has always been a logical acquirer of Altura, given its lithium project is directly adjacent to Altura's in Pilgangoora, near Port Hedland in Western Australia. However if it did snap it up, fund managers reckon it would need to launch a hefty equity raising to fund the deal, somewhere in the order of $250 million. Pilbara had $83 million cash on hand as of June this year.

Pilbara, Galaxy face off for Altura Mining

Pilbara Minerals and Galaxy Resources have rushed straight to Altura Mining's lender group to try and stitch up a snap deal to acquire the lithium play.

www.afr.com

now in a Trading Halt. Yesterday's selling clearly anticipated something

 

[frugal.rock]

I thought this stock having gone up over 50% in a few weeks deserved a mention. I don't know why.

 

[bux2000]

I picked PLS in the yearly pics because I believe they were in a good position prior to their acquisition of AJM s assets but this now makes that positioning stronger.

Thanks
bux

 

[Cam019]

Almost a work of art. Ascending triangle variation.

 

[Jasemateau]

looking good now!

 

[Austwide]

Could this white rock be Australia's next iron ore?

Australia's miners are hot property as global demand for electric vehicles soars, with the nation's bountiful lithium resources attracting particular attention.

www.abc.net.au

An article on Lithium mining, PLS related in todays ABC News

 

[Dona Ferentes]

Minerals Resources has sold its $328 million stake in fellow ASX-listed lithium play Pilbara Minerals in a block trade on Sunday.

Minerals Resources sold the 5.4 per cent stake to investment bank JPMorgan, which was seeking institutional investors to buy the stock, saying the block, a rare Sunday trade in an ASX-listed company, represented 160 million shares and was Mineral Resources’ stake in full.

JPMorgan was calling for bids from $2.05 a share and up to as high as $2.15 a share.

 

[taztiger]

Technically this stock is skyrocketing and apart from a pullback fairly soon, it should continue into blue sky
as the demand for lithium and tantalum accelerates. I have no hesitation in tipping PLS for the FCY 2022 Comp.

 

[Rabbithop]

Technically this stock is skyrocketing and apart from a pullback fairly soon, it should continue into blue sky
as the demand for lithium and tantalum accelerates. I have no hesitation in tipping PLS for the FCY 2022 Comp.

Gosh...another stock going round n round in my head. Getting a bit sick of sitting n waiting. SP stuck, hoping to jerk a bit forward to early $4.
Near to 3000 of FREEHOLD n another parcel entered at 3.60. There is still a Good profit to sell in one lot but over the $4 will even be juicier.

 

[Dona Ferentes]

The capital development costs for the POSCO JV conversion facility are estimated at USD$670 million to US$720 million (excluding any contingency allowance). Though, after allowing for initial working capital and pre-production financing costs, the total funding requirement for the JV is now expected to be approximately US$750 million to US$800 million. This is US$50 million greater than previous estimates.

Pilbara Minerals will fund its initial 18% stake in the JV through its A$79.6 million five-year convertible bond being provided by Posco.

Pilbara Minerals’ Managing Director and CEO, Ken Brinsden, said:

“Pilbara Mineral’s longstanding relationship with POSCO continues to go from strength-to-strength, and we are pleased to partner with them to grow lithium chemicals production to support the massive demand growth that is building around the globe.”

“With commissioning expected late 2023, this joint venture places both Pilbara Minerals and POSCO in a very strong position to participate as one of the few near-term lithium fine chemicals producers with underwritten raw materials supply that will emerge in the coming two years. It’s exciting for both the team at Pilbara and our shareholders to be able to extend our reach in the industry beyond spodumene and merchant markets."

 

[Rabbithop]

The capital development costs for the POSCO JV conversion facility are estimated at USD$670 million to US$720 million (excluding any contingency allowance). Though, after allowing for initial working capital and pre-production financing costs, the total funding requirement for the JV is now expected to be approximately US$750 million to US$800 million. This is US$50 million greater than previous estimates.

Pilbara Minerals will fund its initial 18% stake in the JV through its A$79.6 million five-year convertible bond being provided by Posco.

Pilbara Minerals’ Managing Director and CEO, Ken Brinsden, said:

“Pilbara Mineral’s longstanding relationship with POSCO continues to go from strength-to-strength, and we are pleased to partner with them to grow lithium chemicals production to support the massive demand growth that is building around the globe.”

“With commissioning expected late 2023, this joint venture places both Pilbara Minerals and POSCO in a very strong position to participate as one of the few near-term lithium fine chemicals producers with underwritten raw materials supply that will emerge in the coming two years. It’s exciting for both the team at Pilbara and our shareholders to be able to extend our reach in the industry beyond spodumene and merchant markets."

Had off loaded my parcels. Bought a new parcel at yesterday's low n lets see what's the result.

 

[explod]

The price of Lithium is going through the roof at the moment and seems PLS are the nearest to good production soon in Australia.

Chart: Lithium prices are through the roof this year

What will record-high lithium costs mean for lithium-ion batteries, which are key to electric vehicles and grid energy storage?

www.canarymedia.com

Be interested in other views. I'm a holder but DYOR

​

 

[Boggo]

It's copping the same hiding as everything else today but this is the current EW weekly situation.

 

[peter2]

I'm currently holding PLS and losing capital but I'm willing to buy more when it (and the Li sector) start rallying once again.
I like the min wave projection >4.00.

 

[Boggo]

I'm currently holding PLS and losing capital but I'm willing to buy more when it (and the Li sector) start rallying once again.
I like the min wave projection >4.00.

Same here, just a small holding at the moment and just went into the red today.
I'll comply with the chart above to top up. (BTW - the weekly on RIO is identical).

 

[Rabbithop]

It's copping the same hiding as everything else today but this is the current EW weekly situation.

View attachment 141537

Thanks for your chart. Own more than 10k on this stock (speculative). Tempted to buy more. Need all my resistance strength to stand still.

 

[Boggo]

Thanks for your chart. Own more than 10k on this stock (speculative). Tempted to buy more. Need all my resistance strength to stand still.

That chart pattern has worked well for me so I tend to stick with the entry/exit numbers rather than trying to pre-empt them.
In the current market a failure is probably more likely so I’m sitting on my hands until price behaviour gives me a direction to either top up or exit current holdings.

Just my thoughts.

 

[Rabbithop]

Thanks for your chart. Own more than 10k on this stock (speculative). Tempted to buy more. Need all my resistance strength to stand still.

Correction..Own near to 20k...madness... but very confidence..all will be well

 

[basiac]

That chart pattern has worked well for me so I tend to stick with the entry/exit numbers rather than trying to pre-empt them.
In the current market a failure is probably more likely so I’m sitting on my hands until price behaviour gives me a direction to either top up or exit current holdings.

Just my thoughts.

Bogo do you always trade from the weekly or do you scan both?

BTW lucky me, nearly missed the setup .... Thanks