Look at Talga Resources in Perth WA who is doing graphene-lithium which is far better than what is mentioned in that article.
Graphene-lithium has a battery for a car with a 800KM range and fast charging the battery in a few minutes.
Both companies still need lithium from companies like PLS and GXY etc....
PLS may well be in serious trouble. Reminds me of what happened with Atlas Iron which are no more these days.
LNG is another where that stock went from a few cents to about $1.28 and been in free fall ever since and down at about 28c.
The lithium boom was on a few years back when prices were far higher for the product but now with many other companies
getting it out of the ground prices drop.
Think its time to bail on PLS. Can see it dropping far further in the coming days. May end up being around the 25c mark come September which is when the company thinks it may get back to where it was. That is far to long to wait for possible good news. Another 3 months of bad news will see the stock slide far further and to the point where investors start asking more questions and demand the ceo be sacked along with the board.
LITHIUM BATTERY BREAKTHROUGHS, page-3
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$3.31 |
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Mkt cap ! $9.968B | |||
| Open | High | Low | Value | Volume |
| $3.23 | $3.41 | $3.23 | $60.35M | 18.16M |
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| PLS (ASX) Chart |