Well, spodumene price might stay well under $1000 for this year 2024 & into 2025.
Also, PLS SP is supported by cash in balance sheet, but tax paid last year & capital expense for P680 and future P1000 (2024 year ) will consume most of the cash leaving next to nothing ...
If no dividend announced for 1H23/24 FY, SP might get low $3s ....
I don't want even want to calculate second half revenue & profits.... 2H23/24 will be almost no profit...
Cash will be under $1B by end of this FY....
I am happy to accumulate this year and next year ...
lithium price will recover ultimately.....
A great buying opportunity coming soon ... much similar to 2020 massive dip !!!
Ann: December 2023 Quarterly Report Advisory, page-10
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |