Yep I agree continued falling prices is difficult to explain. I expected a correction from ath prices but.....
imo it's a sum of many reasons
the buyers got a bit overexcited at one point
Chinas financial issues
market dominance/control battles
global lacklustre economic outlook
it's a bit of a perfect storm really and opens the shorting opportunity allowing the SP to be pushed around
it's a bit discouraging to watch the bots hammer away every day.
What I am confident in though is that PLS will continue to be hugely profitable even in this environment so there is no real reason SP should not recover - seems to be stalling above $4.odd so obvious support at current prices.
I truly believe we are worth way more than the current SP. Just waiting to reinvest my divvie now........then start waiting for the next one!! Not too stressed about it. It will work out.
Spodumene Prices, page-3403
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |