Already told you im happy to sacrifice some of my potential future profits by waiting until the PLS and/or lithium sector downtrend ends and the stock begins a clear uptrend. If that occurs.
Your 'insurances' arent worth much ATM IMO. Higher spodumene prices, better recovery and lowered production costs for PLS are what I'd prefer to see over giving away large chunks of the company dirt cheap to opportunistic chinese companies with a very long term outlook on securing supply. Oh and PLS actually resuming mining and normal production.
Yes Im being risk adverse compared to buying now, but I'm happy to do so and miss out on a bit of profit or a whole bunch of red in my portfolio.
A lot of my posts on PLS have been negative. I dont think im the only one who thinks this way, hence the huge SP drop that the company has seen. This has been caused by holders selling their (or borrowed) shares, not non holders making negative posts on hotcopper.
Ann: 2019 Annual Report, page-12
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |