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$2.91 pilbara minerals limited

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moowee

2,057 Posts.

229

04/07/24

09:37

Post #: 74600286
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Originally posted by dfs1 ↑

Apparently the auction was to a few selected companies so is that real price discovery? ALB management showing how bad they are, again.

We continue to wade through the murky waters of dodgy analysis and misinformation.

Is GWh being deployed growing at a rate that outpaces or aligns with supply growth? If we can work that out, we have found the holy grail. They s sector will continue to swing wildly for many years. We all make choices on where we are in the current cycle.

I do remember US $300-400 SC6 price. If it gets to that again, only some briners will still be producing. Not even Greenbushes will survive that. At US $800, only the Tier 1 hardrockers will produce and they won’t expand at that price and would also consider curtailment. At US $1200, we get status quo. At sustained > $1500 price, we have Tier 1 producers expanding production. At $2000+ prices, we have higher cost curve supply entering the market.

At some point, mass uptake tipping point will swing the demand equation.

So many variables. All IMO.

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'Apparently the auction was to a few selected companies so is that real price discovery? ALB management showing how bad they are, again.'

Have they had another auction recently? If so what price did they get?
Thanks dfs1
Cheers
Moowee

PLS Price at posting: $3.00 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last $2.91		Change 0.020(0.69%)		Mkt cap ! $8.759B

Open	High	Low	Value	Volume
$2.90	$3.03	$2.84	$99.43M	34.11M

Buyers (Bids)

No.	Vol.	Price($)
83	295358	$2.91

Sellers (Offers)

Price($)	Vol.	No.
$2.92	294835	120

View Market Depth

No.	Vol.	Price($)
83	296381	2.910
33	179992	2.900
25	365362	2.890
14	251663	2.880
11	177425	2.870

Price($)	Vol.	No.
2.920	286516	116
2.930	339337	61
2.940	286691	41
2.950	248254	25
2.960	290906	18

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