Pilbara Minerals Ord Shs T.PLS

Primary Symbol: PILBF

Metals & Mining Industrial Metals & Minerals

Pilbara Minerals Limited is an Australia-based lithium company. The Company is primarily engaged in the exploration, development, and mining of minerals in Australia. Its 100% owned Pilgangoora hard-rock lithium operation is located approximately 120 kilometers (kms) from Port Hedland in Western Australia’s resource-rich Pilbara region. The operation consists of two processing plants: the Pilgan Plant, located on the northern side of the Pilgangoora area and produces spodumene and tantalite concentrates, and the Ngungaju Plant is located to the south produces spodumene concentrate. It owns 70% of the Mt Francisco project, which is located 50 km south-west of the Pilgangoora Project and hosts the large occurrence of outcropping pegmatites located nearby to Port Hedland. It is also pursuing a proposed downstream joint venture (JV) for the development of an approximately 43,000 tons per annum (tpa) lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.

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Pilbara Minerals Ord Shs > Earnings

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Comment by amgn68on Aug 08, 2014 7:37am

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Post# 22821145

RE:Earnings

A couple of things stand out in this report. 1) Herb said they would have a record Q and that did not happen. 2) PLS still can't make money even at these volume levels. 3) 6months yr over yr sales and revenues is very poor. 3% growth in tons and 2% growth in revenue 4) Long beach port is not happening this year. the management discussion is saying end of 14. 5) 0 mention of why they raised that money. I was hoping for a lot more this year than what we are getting.

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