Spodumene Prices, page-4474

Good question...
all depends how low you think PLS will go.
I reckon it'll be somewhere near the lowest target price put out by these analysts.
at the moment UBS takes the prize ie $2.50 followed by Goldmans which is $2.80
Let's use UBS's target price - $2.50
Now to work out how long it will fall you can use what we know ie the share price has gone from $5 to $3 in one year which is a fall of 40%.
Now to go from $3 to $2.50 that is to fall another 50c and at -40% it should take .36 of a year (365) which is about 131 days or 4 months and 11 days.
So I estimate that PLS should hit the bottom in 4 months and 11 days and then once it hits the bottom it'll take a short time for shorters to cover before it goes back up to say $4
Now there is actually method of calculating how long it will take shorts to cover. it consists of the number of shares short divided by the average daily volume.
so number short = 626.315,352
average volume = 20,983,224
days to cover = 29.85
so all up I reckon it will take 4 months to bottom and then another 1 month to cover ie 5 months
Now we are in July now what's that?
July, august, sept, Oct, Nov..
so fall, fall till Oct then up up and away in November.