I agree, I was more bullish ALB, LAC SQM based on valuations, but this depressed pricing environment has lasted longer than I expected. Therefore the aforementioned companies are in significantly more financial distress.
ALB just did a huge raise and so did LAC.
There is a reason none of us are running the company and Dale is. Wise head, keeping was and is still the smart play.
$2bil @ 5% is $100mil in interest per annum.
There are worse ways to get paid for not taking any risks.
Ann: March 2024 Quarterly Activities Report, page-83
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Last
$2.74 |
Change
-0.110(3.86%) |
Mkt cap ! $8.249B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.66 | $184.4M | 67.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 238827 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 274109 | 7 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |