PLS fell -4.4% yesterday as it struggles to hold onto its small year-to-date gain hindered by the lithium price continuing to drift lower. We can see PLS breaking its recent low, but this would be an accumulation opportunity in our view. With Mineral Resources (MIN) already in the Flagship Growth Portfolio and Global Lithium (GL1) in our Emerging Companies Portfolio, serious consideration is required on position sizing, etc. if we do explore this option.
- We continue to have PLS as our number one major pure lithium pick, the main question being at what price and how to integrate into portfolios.