Yes, if PLS was trading on fundamentals it would be well under $2. The market is pricing in a big rebound in the price of spod. Current SC6 is around $900/t. PLS sells SC5.3. PLS is making peanut profits at current price. Holders will argue "at least they're still making profits".. But do those tiny profits justify a $10b market cap? I don't think so
PLS chart, page-20500
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Last
$2.92 |
Change
0.070(2.46%) |
Mkt cap ! $8.793B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.97 | $2.87 | $100.5M | 34.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 490422 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 56326 | 3 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |