You might end up with egg on your face with that prediction. Paragon has a good track record with its fund. Its analyst is not arguing against lithium, (it's long on KDR) he's just arguing that PLS has been over-bought and that a pull-back is likely before it heads north again. If he's right, Paragon will make money. If he's wrong, he'll lose. IMO I think he'll probably win on this bet in the short term (no pun intended).
PLS cash flow problem AFR article, page-25
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Last
$2.96 |
Change
-0.040(1.33%) |
Mkt cap ! $8.908B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.02 | $2.93 | $37.13M | 12.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 13935 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 360494 | 9 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |