PLS

The other loser was Lithium.

PLS and Liontown both falling 3%.

Copper stocks also down, but no major damage there.

And the three Amigos all finishing in the green.

Lithium stocks, as said, were mixed in the US, but also all red today here.

PLS off 5.3%.

After printing a few buy signals on the charts and moving into full three EMA uptrend, PLS once again coming under pressure.

Liontown nearly as bad off 5% and Wildcat off 6.2%.

Otherwise, looking to the green side of the market, and we were expecting energy to be our best performer, but it's actually closed near flat.

The, um, the people who attend there, they've, uh...

Over the years, I think that conference has been going for 20 plus years and they were in, uh, you know, uh, Pilbara Minerals at one or two cents and Billy Biermont's, uh, uh, Northern Star at a couple of cents and Sandfire at a couple of cents.

So they, they love good exploration stories and love, uh, going for the ride and whatever.

From everyone I've spoken to, they reckon it's a first rate conference, and if you look at the program, I'm actually on before Bill presents, uh, Develop.

So, um, you know, I could see this stock, you know, going to $100 over the next few years.

'Cause I, I think this lithium story, like I listened to Pilbara's result as well, not that we own Pilbara, but, uh, the, the CEO's prin- seemed pretty adamant that there's a supply shortage at least till 2030 in that space now.

Um, but, uh, sort of what Chris is thinking is the next leg of growth, I think maybe the market sits on its hands and waits to see.

So that is obviously a buy from you then.

So that's some pretty big moves coming from mineral resources there.

Pilbara Minerals, or they're now known as PLS, with their Pilgangora operation.

They're still mulling a major expansion of that operation to take it to 2 million tonnes per annum.

What else is happening? There's Greenbushes, which is, you know, that produces about 1.4 million tonnes per annum, the biggest lithium mine in the state, one of the biggest in the world.

So for that reason, um, what I've been doing over the past year with lithium stocks is being a lot more nimble.

We've been in and out of MIN and PLS a number of times, um, even just in the past few weeks.

So, you know, in mineral resources, back out for a 20% gain, back into PLS.

The problem with IGO is that, um, you know, they have disappointed a few times.

They tend to disappoint a bit more often when they post a result, and their results are tomorrow.

But yeah, my advice to viewers is just treat these ones a little bit more like a trading stock.

Mm.

Because, I mean, even with, with PLS, um, they noted only the other day that they're looking to, um, you know, get, get a lot more supply, um, on market.

Today it was off by about 3.7%.

And the Lithium Group PLS, uh, formerly known as Pilbara Minerals, had a record year, thanks to a recovery in lithium prices, allowed the WA-based business to pay its first dividend in three years.

It's been a tough slog for lithium companies recently due to oversupply of cheap lithium flooding the market.

It caused PLS Group to idle some of its capacity, which it's now bringing back online.

So revenue profit and lithium production all higher, and crucially, PLS Group managed to reduce its costs by 9%.

It's now sitting on $2.3 billion in cash, which it's gonna spend on ramping up production and the expansion of its main lithium deposit about 120 kilometers southeast of Port Hedland.

So the market liked the results today.

Look, but you have to say the lithium market's been incredibly volatile.