I have been an investor is PLS since 2017 and in early
2020, at the age of 79, I held onto my shares and began substantially
adding throughout the remainder of 2020 and into 2021.
About 2 months ago I and I'm sure other LT holders here began
seeing dark clouds forming over the horizon particularly related to
economic conditions in China. I was already concerned about the
growing short position but began to see what might be justifying it.
So, I began selling down a portion of my position in the company.
The most profound comment at the recent quarterly presentation
was made by I believe the CFO who stated that the large short position was
due to the lack of alternative ways to short the price of lithium.
I have to admit that the simple, pure legitimacy of that statement blew
me away.
Combining that statement with the fact that everything Dale said was
right on and properly conservative, I am now in a focused watch situation.
My focus is soley the price of lithium. When I see it at least become stable
I will add back some of what I have sold. Not advice, just the honest thinking
of an old man.
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Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B |
Open | High | Low | Value | Volume |
$2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 163532 | $2.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.87 | 44591 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 66953 | 2.860 |
42 | 150873 | 2.850 |
15 | 58401 | 2.840 |
6 | 44569 | 2.830 |
14 | 151890 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.870 | 10000 | 1 |
2.880 | 6993 | 1 |
2.890 | 32896 | 5 |
2.900 | 27500 | 4 |
2.910 | 93812 | 9 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |