PLS is a great example of a massively bloated EV in a cyclical
$Pilbara Minerals Ltd(PLS.AU)$ $PILBARA MINERALS LTD(PILBF)$ is a great example of a massively bloated EV in a cyclical that has plenty of room to shrink... as soon as FCF dries up or turns negative, you realise how expensive it still is (even with all that cash).
$Pilbara Minerals Ltd(PLS.AU)$ $PILBARA MINERALS LTD(PILBF)$ "short squeeze" will happen when everyone who has bought in anticipation of a short squeeze has been wiped out
Spoke too soon big red car. Down she goes Warrants gotta blow up first before she moves…
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https://twitter.com/LukeyTrags/status/1731831464562655713
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