Your right, the lithium low could be lower then now, who knows but the question is if the lithium down turn is just the beginning and sustained for say another 2-3 years will PLS survive? Regardless of what value is in the ground, you may lose all your money if they fold, VA or taken out at a lower price then your buy in....and if or when this happens, yes the value will still be in the ground but not owned by you.
Not looking good for the sector, just need to look at GXY, plenty of cash in the bank yet SP still being dumped...why? Read above...
When to buy...???, page-24
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |