Pilbara Minerals Ord Shs T.PLS

RE:RE:RE:RE:RE:RE:RE:Why terminate the deal now

[nkbourbaki]

seatleslim wrote: The "longer game" assumes CEMEX needs the resource and has few practical alternatives at Pier 92 and Redwood City. I could be wrong, but I haven't heard a case that makes sense. Yes, patience required. Martineau, like most of the rest of the directors own less stock than they collect in annual directors fees. Honestly, don't think anyone is paying attention to his ideas, but agree at a sub $200M valuation USCR would be a competitor for these assets. I agree its a possibility and at some point far gone conclusion. Would be a disappointing outcome if priced on todays margins and volumes.

The lack of insider ownership in this name is what keeps me from making it a substantial position.  I would have thought they'd be scooping up shares as it dips under $1. Buying has been pretty limited, and these guys aren't exactly poor.

They have a great asset.  But to realize its value is going to take a management team that knows how to pull the right strings, and so far we have a long track record of promises. Believing that "this time it's different" would sure be a lot easier if the management team was willing to put more skin in the game.