For us to ever see a dividend again the spod price has to be $3000US/T plus.
PLS are cost cutting to maybe $500US/T but they do not ship enough of it to see a dividend any time soon.
The average selling of spod from July 1, 2023 to December 31, 2023 was $1600US/T and no dividend.
Currently the average selling price so far in 2024 is about $1000US/T.
Spod might hit $1500US/T by years end so no dividends this year and likely none the following year either.
Might see a dividend 2026 or 2027. Until then the share price is stuck.
Last big crash was March 2020. They happen about every 5 years.
Trump looks like winning in November and he's drop all the EV stuff and go back to petrol and that may well
see a stock crash when he becomes president again on January 20, 2025.
Spodumene Prices, page-4269
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| PLS (ASX) Chart |