The media reports weak prices and only a few short years ago, the current price of Lithium was a blue sky dream. If the price stays anywhere near the current price, PLS holders will enjoy a nice income stream and a growth stock to boot.
PLS aren’t paying out 80% like the banks are. That means more income if they get the spend correct. So far they are nailing it and not getting caught up in the excitement of the drill bit elsewhere.
Organic growth and downstream participation is the obvious winning formula and the BOD are all over it. Self funded growth, what an enviable position to be in. $14M in drilling yielded an extra 109Mt near mine, and there’s more to come.
Visit other HC Lithium stock threads. The various fan clubs for these stocks are still in dream phase, hoping to become the next PLS. Reality is, most won’t and it’s years before they will pay a dividend.
Good News & Bad News, page-31797
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Last
$3.00 |
Change
0.060(2.04%) |
Mkt cap ! $9.032B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.08 | $2.96 | $72.45M | 24.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23223 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 132529 | 7 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |