Because IMO he's getting paid to scaremonger to keep the SP down - and he is getting better and ever more sophisticated at it. Can't get me though. If you read closely, you'll notice all is based on a low case expansion of Li demand. Can't see that happen, and thus can't see low Li price forever either.
If El J had advised Twiggy he would have told him that iron ore prices are way depressed, Rio and BHP will bring on massive supplies, and Fortescue is surely destined to fail.
I reckon PLS' odds are much better. Like all miners, their profit is massively sensitive to the resource price - and not many ppl apart from good old El J believe they could go much lower or stay this low.
Bring on Stage 3 and get the cash machine really cranking!
Gotta remember Ken is in here with 80M shares too (if my memory serves me correctly) - and he strikes me as the rather prudent fair dinkum kinda guy much more representing the average mum and dad investor as opposed to the grandiose corporate gambler who bets the farm because he's more interested in who's having a bigger d...
To finish off, here is one serious Q for you El J: If you are not happy with the risk reward profile that PLS presents, where are you putting your money?
Pilbara to double and triple down, where will the money come from?, page-33
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Last
$2.39 |
Change
0.000(0.00%) |
Mkt cap ! $8.672B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.43 | $2.33 | $89.10M | 37.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 146674 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 490312 | 15 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |
