Crude oil price dropped below zero, but then fast recovered to normal level within a year, hit high US$120/barrel in 2 years. More comparable, iron ore price dropped around 75% to US$39/t in December 2015, started recovering in January 2016, bounced to US$95/t in a year where Goldman Sachs forecast iron ore price to be US$35/t.
PLS currently is mainly selling to Chinese offtake partners, which had a significant discount, here’s the summary,
As LTR will be mainly selling to Tesla, Ford, non Chinese offtake partners, linked to hydroxide price, the sale price should be much better. Also, if achieves high grade as planned (>=6% Li2O spodumene concentrates), price should be very good even at current depressing lithium price.
Goldman Sachs is shown as top net buyer last week,
ComSec was no.1 net seller.
always DYOR.
All imo.
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Last
91.0¢ |
Change
-0.045(4.71%) |
Mkt cap ! $2.206B | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.0¢ | 90.0¢ | $24.20M | 25.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 95000 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 10995 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |