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 > Someone using GMP Securities has been dumping shares

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Comment by seatleslimon Jul 14, 2016 3:06pm

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Post# 25053414

RE:RE:Someone using GMP Securities has been dumping shares

I think you are dead on. Their position in the large fund is down 3mm shares to under 3mm shares. Not that there appear to be investors clamoring to buy PLS, but to the extent there are, it would make see/participate in a block trade that cleans them up. Of course it could be up $.30 on that day. I think recent trading reflects guessing on when how that happens. I watched volumes in q2 and they looked fine. Hard to tell anything yet for July/q3.

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