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Pilbara Minerals Ord Shs T.PLS


Primary Symbol: PILBF

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.


OTCPK:PILBF - Post by User

Post by FrozenInOntarioon Oct 27, 2014 1:09pm
108 Views
Post# 23064400

Insider buying

Insider buyingNice to see that M. Wilson added 5 000 shares at 1.92.    And he bought 25 000 on the share offering this spring.

Now standing at 353 000 shares and was also granted 200 000 options at 2.70 recently and he has now close to 800. 

Do not know the average price of this stock position or his options (will check on sedar tonight) but seems to me his interests are closely match with his shareholders.  Remember a comment on the latest stock offering where he was not a wealthy man and he had a keen interest on his stock holdings.   Hopes he ends up filthy rich :)

Anyway, a positive.

Regards,
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