As VMP pointed out, you cant have a PLS MC at $11B++ and LTR at $3.5B, when its fully funded, declining interest rates, and producing 6%+ spod and is closer with quality to Greenbushes than any other producer.
Decrease in interest rates, translates in increase in disposable income and demand. We should see then further increases in EV demand. Couple this with restocking in China leading to increased spod prices and a potential short squeeze, this will fly back towards $3+ IMO.
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Last
90.8¢ |
Change
-0.003(0.27%) |
Mkt cap ! $2.206B | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 93.5¢ | 90.0¢ | $12.06M | 13.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 355014 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 1773416 | 85 |
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| Last trade - 14.34pm 25/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |