Actually there might be an even better way to spend capital: PLS should buy small (but "spot price significant"amounts of spodumene on the spot market and mix it with its larger amounts of long-term contracted own spodumene.
Rising spot prices should lead to rising average selling prices for PLS.
That's probably the opposite of what their Chinese (?) customers are doing to suppress prices: buy a bit more spod from PLS than you need (slightly oversized long-term contract) and sell it on the spot market.
(and short PLS and other lithium companies for extra fun)
Good News & Bad News, page-43587
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Last
$3.07 |
Change
0.105(3.55%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.07 | $3.01 | $11.83M | 3.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 84727 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 26376 | 8 |
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| Last trade - 10.57am 12/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |