SAN FRANCISCO, June 14, 2018 (GLOBE NEWSWIRE) — Howard Klein of RK Equities and the “Lithium-ion Bull” newsletter expresses his thoughts on several different segments of the lithium market.
Company mentioned: Piedmont Lithium Ltd. (NASDAQ:PLLL) (ASX:PLL)
Lithium equities these past two or three years have often been the land of the Deaf, Dumb and Blind: Most Institutional Investors, Certain Sell-side Analysts, and Mass Affluent Retail are playing bitcoin, cannabis and Tesla, but not yet playing battery materials.
Despite bouts of over-exuberance in selected issuers, the “Lucky Country,” Australia, has been a welcoming home to more than a handful of #Lithium Pinball Wizards of and in Oz. Hard rock names in Western Australia in particular, but more broadly, an ASX listing has generally resulted in a lower cost of equity capital than a TSX or AIM listing for lithium developers. Orocobre, Pilbara, Galaxy—to name three—have all managed to raise equity capital when they needed it at relatively high valuations.
I consider much about Silver Coast’s commentary on Piedmont Lithium Ltd. (NASDAQ:PLLL) (ASX:PLL) to be on point and would encourage you to read my extensive comments within this Seeking Alpha post. My main quibble is that he seems to present the false choice of picking only one lithium stock and seems to have a short-term trader mentality. I believe it prudent to have more than two lithium stocks and Piedmont’s uniqueness qualified it for my Screaming Buy album in April. Peter Epstein did some constructive Q&A with Piedmont CEO Keith Phillips, published on May 28.
Australian Super—the largest institutional investor in Australia—increased its stake in Piedmont Lithium from 6.66% to 7.77% in May.
Continue reading this article: New Lithium Kids in Town
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