Just the commodity cycle following its usual course.
The trend will reverse, shorts will decrease and the share price will revert to it upward trend.
You have to remember this is a new company in a new sector finding its feet, the supply chain is in its infancy and is experiencing a few short term blips.
What the board has created in a few short years is phenomenal with the company well placed for the EV rush in 2020 - 2022
All this short term bottle neck has done is made it near on impossible for new enterents to gain funding (see Nemaska) cementing PLS as one of the big go to producers for the future
Day to day discussions on S/P, page-13736
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28879 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 287620 | 11 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |