Next level 35, page-21

Looking at the spodumene price and its fallen again.

New price range is $585-650.

Old price range was $600 to $670.

I notice Galaxy GXY has many more buyers than sellers with 2.8m buying and only 1.8m selling.

That price has levelled out.

PLS has 9m buying and 10m selling but the ones wanting to buy most are at 47c to 48c and if it falls many may alter their selling to a lower figure.

Lithium has dropped 0.4% from early last week.

I note that Wesfarmers is now in the Lithium business. FMG exploring 4 new lithium mines, RIO in the lithium business too as is BHP. These bigger players have the cash reserves to wait it out.

PLS had $103M then the next quarter it was down to $70M and with a halt on production heir cash reserves may be under $50M but will know that later this month.

PLS paying a whopping 12% interest on their debt.

PLS likely to get into cash hell soon. Maybe we'll see capital raising.

PLS shares will only go up if they have good news to the market otherwise nothing will stop it falling. GXY looks like it may go up by days end so maybe good news heading their way or maybe the lithium prices are up again which get displayed by days end on the reports I get each day.

Of the strong opinion we'll soon see a market correction which is over due.