PLL ADR up 12% in the US, and general bullishness returning to the sector (ALB and ALTM both up nicely too).
PLL also got a mention in this article - they say (about PLL):
All the above would appear to be corroborated by the futures market which shows upside to lithium pricing over the next few months (that PLL captured nicely)
- "The lithium markets will likely rebound, and with it trading at just five times sales and a positive forward P/E ratio, that recovery is set to come within the next twelve months. Investors could then scoop up undervalued PLL shares while they still can."
As to SYA saga, I found PLL to be one of the most impressive appliers of basic corporate finance (in the way they think about stakes in projects, yet also their partners).
This tells me they consider the opportunity cost of capital- and run DCFs etc.
I had a small share in SYA that I sold on the announcement last week and rolled that into my holding here.
With a bit of luck on some of these upcoming milestones, I think this has the makings of a multi-bagger
https://investorplace.com/2024/02/3-lithium-stock-champions-to-energize-your-portfolio-in-q1/
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LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $59.51M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.0¢ | $83.30K | 575.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 771242 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 61089 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 771242 | 0.140 |
11 | 380036 | 0.135 |
12 | 591558 | 0.130 |
10 | 497768 | 0.125 |
29 | 708467 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 61089 | 4 |
0.150 | 222289 | 10 |
0.155 | 486360 | 13 |
0.160 | 368355 | 10 |
0.165 | 246003 | 6 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
PLL (ASX) Chart |