LT PLSers have come to expect gap closes and volatility. In general, statistically, 90% of gaps close. Case in point, September 2022 gap 371-377. They came back and closed it, then piled on some more hurt. I topped up at 344 in March with the nicely timed dividend funding that.
Today the gap closed at 429, with a little extra to 427. I have topped up again today at 430. It remains to be seen if they pile on more hurt for new holders. I will continue to buy if it drops lower. Divvy in 4 months.
More supply delays, demand growth continues to outstrip new supply. This, according to market supply/demand fundamentals, should result in sustained high prices. Lithium investment at mine level has been too low for too long. Result, years before any meaningful supply comes to market which means PLS will pay handsome, increasing dividends for the foreseeable future. IMO.
5 days of down!, page-45
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |