LRS chart, page-6283

First close under 30c since June. As I mentioned previously, the sector is seriously off ATM. Thats not saying longterm things will not be fantastic here or the sector. It will be, but there is only so much money to spread around to buy shares when cheap, and there appears to be a movt. to cash and risk off while Li prices have not stabilised.

PLS 20c trade range puts the first retrace levels of $4.15 easily in play now. PLS has the potential to go alot lower and the sector bottoms usually on their retrace when they do. like it or not. They seem to be the market making stock.

I don't think pricing is as good as some may think for spod currently. That may be Chinese influenced by not buying etc.

I need to do a bit more checking but PLS is likely shipping less this Qtr than the YOY equivalent from Port Headland.

Thats not production orientated IMO but more likely not keen to sell at a lower price.

PLS can take the LYC stand on their product = we are not going to sell it cheaply if we do not have to. We can stock pile. They can.

These are my thoughts.