PLS chart, page-22674

Re the ‘hitting of straps’
24/07/24 https://thewest.com.au/business/min...ction-forecast-and-improves-prices-c-15458991
Already posted ( or partially?) [ref]

... “Mr Henderson told The West Australian that over the long-term he’s anticipating the spodumene price to nearly double from current levels.​

“There seems to be a strong consensus that a number around $US1500 (per tonne) or above is probably sort of the long run average,” he said.​

“What we’ve been observing is supply curtailments, which sort of suggests that at these price levels it’s pretty tough for a lot of supply —that’s a positive thing given our cost position.”​

Technically, when it turns I imagine there will be a bit of an over reaction which might exciting, however those near 646 million shares loaned for shorting are never going to escape via a quick ‘short squeeze’ so - on this basis alone - patience re jumpig in until there are clear signs the tide has turned may prove prudent?
https://www.shortman.com.au/stock?q=PLS


And in the short term, there’s the world famous Diggers and Dealers next week in Kalgoorlie, and maybe the Pilbara presentation will offer something new to spike the price?


cheers