What’s saving the company?
What’s saving the company is their low cash cost of production and prudent management. Instead of the cash burning a hole in their pocket, they wisely chose to conserve cash, not pay a dividend and focus on funding expansion projects and downstream opportunities.
If you are referring to the SP not tanking as much as other Lithium plays, you are correct. The shorters sold to investors, retail and institutional, who have no intention of selling thereby locking up >20% of those shares. Add to that all the other long term holders and that takes out a large portion of the SOI that aren’t available to the market at the current SP.
It is a very narrow exit.
What’s saving the company? What’s saving the company is their...
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Last
$3.65 |
Change
-0.110(2.93%) |
Mkt cap ! $10.98B | |||
| Open | High | Low | Value | Volume |
| $3.76 | $3.76 | $3.65 | $50.61M | 13.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 431729 | $3.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 1900 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$3.67 |
Change
-0.110 ( 2.09 %) |
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| Open | High | Low | Volume | ||
| $3.76 | $3.76 | $3.66 | 4146639 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| PLS (ASX) Chart |