Message: PPL vs LAC
On the home page for Piedmont Lithium Limited (PLL): "Piedmont Lithium is an emerging lithium company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina."
Contrast that with the following exerpt from the LAC home page description of Thacker Pass: "In Nevada, Lithium Americas’ is focused on developing the 100%-owned Thacker Pass project. Currently, the largest known lithium resource in the United States, Thacker Pass has the potential to be a leading low-cost and large scale source of lithium production."
So, what has happened today with the Share Price of PLL?
PIEDMONT LITHIUM LIMITED (PLL)
$ 43.2132.21 | 292.82%
Bid: 43.11 x 100Ask: 43.30 x 200
September 28, 2020 2:23 PMEDTVolume: 39,184,954
For those living in Oklahoma, that just means that the Share Price jumped $32.21 so far today... UP! An almost 300% increase in one day.
So, why should that be of any interest to an LAC investor?
Piedmont Lithium Limited reportedly announced that it has entered into a binding agreement to Tesla for the supply of spodumene concentrate.
I haven't been able to access any of the details of this agreement with Tesla, but Piedmont supplies spodumene concentrate and PLL has not exactly been a robuts company for its investors.... until today. So what is the difference? The agreement to become a supplier to Tesla.
I just took a second look at the current ( 11:50 AM Pacific Time ) Share Price data on PLL and it is up even more to:
Piedmont Lithium Limited (PLL)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
46.71+35.71 (+324.61%)
As of 2:44PM EDT. Market open.
The same search just now shows LAC as:
Lithium Americas Corp. (LAC)
NYSE - Nasdaq Real Time Price. Currency in USD
In watchlist
10.53+1.99 (+23.30%)
Pi
1 Recommendations
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