I genuinely see no issue with the low spot price or current over supply if true (highly doubt it). If your long term PLS/Lithium/EV and believe in the transition taking place these low prices are only benefiting us. Short term pain long term gain. Any potential producer is doing it a lot harder than us. Their SP's have been smashed, they can't raise without major dilution and nobody is funding in this environment.
I see it similar to current interest rates. Selfishly I hope they continue to rise, keeping many out of the market and forcing others to sell cheaply... PLS while making a profit, producing as cheap as anyone in the world and sitting on a decent stack off cash are primed to come out of this very well whenever that may be
Good News & Bad News, page-43278
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Last
$3.04 |
Change
-0.010(0.33%) |
Mkt cap ! $9.164B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.01 | $15.93M | 5.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 242238 | $3.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 308162 | 65 |
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| Last trade - 12.55pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |