PLS 6.79% $2.61 pilbara minerals limited

The only one crying is you, show me where I ever mentioned that...

  1. 6,058 Posts.
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    The only one crying is you, show me where I ever mentioned that it was a bad move if your talking about the sell down.

    What it does is vindicate exactly what I was saying that Pilbara aren’t even anywhere close to being financially able to get stage 2 and stage 3 and downstream 1 and downstream 2 over the line in the silly timelines holders were lapping up.

    So let’s wait and see how it progresses.
    The market likes it, considering it’s up despite the poor onsite performance.
    It’s also timely keeping that in mind.
    Nameplate and all the other metrics are far from a certainty and won’t be close by the time a deal is done so they can flog part the asset off based on certain studies that likely will never come to fruition.

    It’s a copy of the Chris Ellison playbook.
    He is the master.
    No doubt he would have a big say in undertaking this strategy as a major holder.

    Get a large cash position to advance development plans.
    Mt Fran could be another big deposit sitting in the wings, likely to remain 100% ownership. Then there is also the option of consolidating the area and picking up AJM assets for peanuts in 12-18 months
    Last edited by El Jefe: 28/03/19
 
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