You guys need a dose of reality. They are making $4bn a year if you use last quarter's earnings. However, the market is forward looking and the forward earnings don't look that good. The price of lithium on the Chinese spot market has gone down by over 50% in 3 months. If you think that's not going to impact PLS's earnings
Not to mention that the next support level on the chart for Chinese spot lithium is 170,000. That's another almost 50% drop from here.
Good News & Bad News, page-26049
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Last
$2.52 |
Change
-0.065(2.52%) |
Mkt cap ! $7.558B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $39.38M | 15.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 217320 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 165004 | 39 |
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| Last trade - 13.50pm 05/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |