PILBARA MINERALS WKN: A0YGCV ISIN: AU000000PLS0 Kürzel: PLS Forum: Aktien Thema: Hauptdiskussion

Lithium price goes up and up, so why the sell-off in lithium stocks?  BARRY FITZGERALD Independent Journalist Another record price for Pilbara Minerals’ product has prompted MD Ken Brinsden to question analysts’ price assumptions. And Sandfire chief Karl Simich also has a message for the market: forget costs, focus on margins. As is always the case in equity market shakedowns, there are babies thrown out with the bathwater. This time around it is the lithium babies that have been unceremoniously dumped by the professional money managers. There is really no excuse for it, remembering though that for every panicked seller there was a smiling buyer on the other side of the trade. Pilbara Minerals (PLS) demonstrates the point. It was trading happily at $3.43 a share at the start of April but has since been slammed 22% lower to $2.69, and that’s after a 9c lift in Thursday’s market. The reason for the equity market shakedown is multi-faceted. But there are no facets in there to justify the dumping of the lithium stocks. Pilbara CEO Ken Brinsden takes up the story, speaking as he was after the release of the company’s March quarterly report on Thursday. Brinsden reported that the acceleration in pricing for spodumene concentrates (6% lithia), which get sent off to China for chemical conversion into lithium carbonate/hydroxide for use in lithium-ion batteries, had continued from the December quarter ($US1,750/t) into the March quarter ($US2,650/t), and was now flowing through to the June quarter ($US4,300t indicative). Compare that ongoing trend of higher pricing for Pilbara and the rest of the WA spodumene producers to the concentrate price in March 2021 of $US550/t and the case for the lithium sector to be treated differently in the current market shakedown is made. If there is any doubt about that, Pilbara also reported that the latest spot sale on its fledgling Battery Material Exchange (BMX) was put away at the equivalent of $US6,250/t (it was actually 5.5% material). The BMX sale was a record price. “It represents another high watermark as it relates to pricing in the market and further clear evidence as to how short (of supply) the market is,” Brinsden told the investor call on the quarterly report. “The conditions are very, very strong.” In short, Pilbara is enjoying an explosion in margins to the point of becoming a money-printing machine. A question arose during the call as to why equity analysts remain on the low side when it comes to the prices they are plugging into their price forecasts for spodumene concentrates, particularly for the long-term. Brinsden’s answer pointed to a major rethink by analysts being required. “Short and medium-term pricing is a function of the critical shortage of supply in the market,’’ Brinsden said. “But it is not unreasonable to expect that at some point of time in the future there is going to be normalisation in the supply-demand dynamic, in which pricing will more than likely reflect the cost base – it an issue that has yet to be resolved by analysts and the financial community. “The key point I will leave you with there is that historical norms are well and truly going to be broken down. So the idea that long-run spodumene concentrate pricing might be $US600-$US650 a tonne is long gone. “And that’s because the lithium materials industry needs to grow about 10-fold between now and 2030. To do so, projects are going to be built that are nothing like historical norms with respect to cost..

Ein sehr guter Artikel bzw. gutes Interview, sehr lesenswert: https://www.livewiremarkets.com/wires/lithium-price-goes-up-and-up-so-why-the-sell-off-in-lithium-stocks

Ich kann noch 2 Jahre warten...2025 P1000/Posco Beteiligung finanziert/usw.usw....dann gibt es Dividende ...und das reichlich.....

Bis dividende kommt vergehen mMn noch Jahre. Erst mal muss P680 und P1000 finanziert werden. Das kostet ja Unmengen, danach sprudelt das Geld aber nur so. In Q3 müssten wir schon ca. 600Mio USD umsetzen. Ken hatte für das nächste Quartal 4000-4500USD als Preis benannt. Wenn man davon ausgeht und auf die 145000t rechnet, lassen sich die Erweiterungen also aus eigener Kraft finanzieren :)

PLS 5,95% $2,850 EUR/AUD 1,9325 €

kaum redet man von divi wird auf hc drüber diskutiert,... ok ein aktienrückkauf wäre auch gut....

wichtig lithium bleibt....https://www.youtube.com/watch?v=Vw46k9c39m0

PLS 3,46% $2,690 EUR/AUD 1,8257 €

die kommen irgendwann nicht an der divi rum...da wette ich....top zahlen

Jo, der nächste Zyklus bei Lithiumwerten geht los 🤣

Hier wird jetzt fett cash gemacht und noch viel expandiert. Ein sehr guter quartalsbericht.

Und nun schaue man sich die niedrigen Produktionskosten und Marktkapitalisierung an 🤓 Und wie gesagt, das gilt alleine schon für diesen konservativen Wert iHv 3500$. Ich bin mir sicher, der Wert wird höher liegen 🤑

Wenn man konservativ einen Durchschnittspreis von 3500$ für das gesamte Jahr annimmt, dann macht das bei dem prognostizierten Produktionsvolumen von 580.000 t eine Summe iHv 2.000.000.000$ !!! ... in Worten Zwei Milliarden Dollar!

Schon geil. Jetzt müssen nur endlich die Produktion hochfahren. Dann fließt das spice. 😊