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Thoughts on PLS please

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Question asked 06/12/2025

Thoughts on PLS please

Hi! James, what is your thoughts on PLS, a lot of platforms are saying it's a sell, should we hold on?? Also has gold gone to high to buy from a risk point of view, As a general question do u feel there is going to be a major correction in western economy's in the near future due to excessive debt levels, or just a normal correction. There is a lot of talk re USA debt to GDP of opprox 100% but Japan it is 260% and they have not collapsed. I know you don't give financial advice , your gut feeling? Thanks for your daily reports, As a loner they are perfect for me. I need a different perspective to prevent myself going into La La land. Tom

Answer

Hi Tom,

Firstly Pilbara (PLS), a well-timed question on a couple of fronts:

We have discussed the lithium space a few times in the last 48 hours switching from a bullish to neutral stance.
Also, on Friday UBS “fell on their proverbial sword” upgrading PLS and Mineral Resources (MIN) to buys.

Our “Gut-Feel” is PLS will now consolidate around $3.75 into Christmas – we are neutral. Even after the UBS upgrade it remains almost 10% below its November high.

In terms of gold, we couldn’t chase it here, if anything we are closer to being sellers than buyers.

Concerns have been rife around the large US debt level for years, but its ok while it’s supported by reserve-currency demand, we think this may fade but it could take a decade. In terms of Japan’s debt, while larger, its safe (for now) being internally funded and rates are low (again for now).

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Pilbara Minerals Ltd (PLS)

LAST UPDATED 05/12/2025 16:07

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