This stock is solid. If it can hold the SP when a fund manager drops over 90mil, that is incredible. Their loss our gain - all we need is strong demand and or list price per ton to increase in the coming months and its BOOM.
Watch for these markers -
1. Spod price to go back up to 500-600 USD per ton..
2. Spod shipments to meet or better December 2020.
If this happens, it means -Brine stock piles are drying up putting upwards pressure on list price. Meaning upstream demand will turn to spodumene to secure supply
NOTE: it takes at least 18 months for the brine mines to produce carbonate using the evaporation technique. Actually - it can take several years!
This is great news for spodumene investors.
Good luck to all holders.
Ann: Ceasing to be a substantial holder, page-5
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.89 | $45.17M | 15.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 335341 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 154500 | 2 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |