Post by
Nukes000 on Oct 12, 2023 12:17pm
PLL ASX
PLL is good at raising money. The company is trading on ASX with 2 billion shares outstanding. Whenever PLL is raising money Australian shareholders are getting screwed. No one is talking about their partly owned Quebec mine which since 2010 couldn't get going - many companies tried and went bankrupt in the process. Li is a finicky business and with price as experts predict to decline substantially after the hype is over, many mines will not be economical. TIme is of essence and there is no doubt that Li will become an obsolete commodity in not so distance future. SIC will be lucky to see a single penny out of this deal.
Comment by
DutchvdL on Oct 12, 2023 12:32pm
As a share holder I'm struggling to see the value in this whole fiasco, just seems like a giant waste of time