PLS

1.40%

$2.89 pilbara minerals limited

PLS chart, page-21081

First 21081 Last

Share
Profile

Follow
Recherche

3,072 Posts.

210

30/03/24

16:27

Post #: 73124913
Share

Originally posted by dfs1: ↑

It's all very well to say that the current SP is irrational because the SC price is $? (Is it or should it be what the manipulated price that Chinese reporting agencies are quoting?).

Back in early 2022, the SC price was heading north rapidly and the PLS SP was heading south rapidly, to a low of $2 ish in mid June 2022. On the 23 June 2022, PLS accepted a pre-auction price of USA $6350 for a 5kt shipment of SC5.5.

Was that an irrationally low SP for PLS when the SC price was obviously heading up, as it had been for a considerable period of time. That didn't stop the market makers from hammering the SP down in the face of a Lithium supply shortage. Now how close were GS and the other FIBO cohorts in forecasting the SC price. They were way off and now all the GS & FIBO fan club are trying to say GS & Co were the only ones who forecast correctly. What a joke. They were wrong completely. The old proverb "A stopped clock is right twice a day" comes to mind.

So, to say the SC price is this so the SP should be that, isn't an indicator of rational or an irrational market, IMO. We are waiting for this sector to mature, more diversification in Lithium Chem production ex China and more reliable price reporting agencies to discover where the real LT cost curve is, to provide a sustainable supply of Lithium for the transition from FF to the Electrification of everything.

I suspect we are still a way from this so in the meantime, we'll have to suffer the extreme volatility that being in this sector subjects investors to. I also suspect that the forecasts that Lithium prices will stabilise at this new low range ($1000 - $1300) may be wishful thinking.

We shall see.

Expand

PLS Price at posting: $3.83 Sentiment: None Disclosure: Held
Upvote

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

DXB

Dimerix links up with US NEPTUNE network to boost recruitment for FSGS study

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

First 21081 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $2.89		Change 0.040(1.40%)		Mkt cap ! $8.703B

Open	High	Low	Value	Volume
$2.78	$2.89	$2.78	$29.90M	10.51M

Buyers (Bids)

No.	Vol.	Price($)
2	39193	$2.88

Sellers (Offers)

Price($)	Vol.	No.
$2.89	73947	7

View Market Depth

No.	Vol.	Price($)
2	39193	2.880
2	39191	2.860
2	22642	2.850
3	20704	2.840
7	67724	2.830

Price($)	Vol.	No.
2.890	73947	7
2.900	80718	12
2.910	18569	3
2.920	8000	2
2.930	35285	4

Last trade - 16.10pm 01/11/2024 (20 minute delay)

PLS (ASX) Chart

PLS chart, page-21081

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Dimerix links up with US NEPTUNE network to boost recruitment for FSGS study

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PLS chart, page-21081

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Dimerix links up with US NEPTUNE network to boost recruitment for FSGS study

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News