AJ, IMO VW would have been part of the manipulation (oversupply) machine throughout last year, they tried to negotiate with Li and Cobalt miners in late 2017 and lock in long term contracts, well below market prices at the time, the miners said NWGFFO.
VW know how to do business, thus I'm pretty sure they would have employed a number of investment banks to peddle the O/S BS, and now that investment is paying off, whereby they are securing long term supply contracts at bottom of cycle Li prices, at the expense of a very confused public. While its reasonable to assume the contract pricing is not fixed, I'd say the price mechanisims would be below what was offered back in late 2017.
Therefore, I see them as grubs like many of the analyst, that's how they do business, which puts them very low on my trust meter.
Day to day discussions on S/P, page-9295
-
- There are more pages in this discussion • 7,140 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.99 |
Change
-0.030(0.99%) |
Mkt cap ! $8.985B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $25.78M | 8.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 121736 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 442023 | 93 |
View Market Depth
| Last trade - 14.28pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |