In my view:
I don't think think we'll se Afterpay, Tesla type rally in lithium miners. Let's face it: we are old school and not hip and flashy enough type of stock/sector. But you never know, some of those FB/Twitter groups might start pumping lithium miners, then all bets are off.
I think the worst is over as far as falling SP goes. Spod/carbonate prices will probably stay depresed for quite a while but I expect demand to improve, making the life bit easier for miners. That should give us a floor and I expect SP to have rallies and selloffs, but either in trading range or trending up over longer period.
I think we'll see more gradual Li 2.0 stock gains than 2015 and 2017.
All IMO and not investment advice
PLS chart, page-205
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$3.31 |
Change
0.020(0.61%) |
Mkt cap ! $9.968B | |||
| Open | High | Low | Value | Volume |
| $3.23 | $3.41 | $3.23 | $60.35M | 18.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 152099 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.31 | 31295 | 3 |
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| PLS (ASX) Chart |