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 > Business Update

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Comment by amgn68on Jan 23, 2016 10:24am

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Post# 24486798

RE:RE:Business Update

The more I thought about it the low sales guidance is probably good.

I think PLS flat out lied about sales last year. I don't believe it had much to do with Cemex. The sales dropped big time after those cheap contracts ran out.( which were never disclosed to us) I believe they thought the customer would keep buying at market rates. It didn't happen.

So my hope is they can now add quality sales at market rates. LA has been a disaster. PLS has been paying someone almost 2 years for 0 sales. The new CEO needs to get the stock price up.

I would still like to see them sell this asset.

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