Hallelujah! Finally a holder who admits there's an oversupply rather than using every excuse under the sun except that to justify why prices are down the gurgler. That's a good milestone to reach.
Once holders accept that there's oversupply, then we can move onto the next phase of the cycle which is holders becoming despondent, depressed and having to sell the family home because they are so highly leveraged to the stock. That's what happened in 2020 on the GXY forum pretty much at the exact bottom.
Another milestone was reached yesterday with Albermarle playing down their growth plans. The big boys need to play their part in this. Others need to chip in and do the same by throttling their growth aspirations.
Spodumene Prices, page-4634
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Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |