Congratulations DreamRunner for having a plan and sticking to it.
I sold some today too, (not even nearly as many as you!) …. For me, tax free due to a carried forward swag of losses … including from the ex-neighbour.
Thank you Ken
(And being suspicious of the current high prices, I kept a handful in my ‘trading portfolio’ so I can average my price down if I have to re-buy the harvested ones at higher prices… (Buy I will : ))
Another reason for actually trading some out of my ‘trading portfolio’ is that I have been wondering i ‘zoomies’ are leading into a capital raise ?
That’s one potential that might be driving the share price that you left out
@RDL
Time will tell?
And I don’t think this FNArena story on analyst’ views a fortnight back (June 8), has been shared yet?
In it Wilsons says it expects PLS to have potentially increased its production by three times.
…and that lithium demand will be more than ten times higher by 2030 with potential shortfalls being seen by 2025.
And (should PLS get into downstream processing ) it thinks battery grade hydroxide will - by 2030 - be priced 87% higher than it is now …
… And the ever PLS-suspicious, Citi,
upgraded its’ price target to $1.30….. Which seems
very conservative but appears to be based on it agreeing with Wilsons that over the next two years there will be a plethora of other suppliers coming online and squashing prices until 2025
(they think ahead?)
….“
Wilsons suspects this may provide a price ceiling until deficits begin to emerge from 2025 onwards, which in the broker’s view dramatically raises the prospects of much higher lithium prices.” [Link to full story here ]
Spoiler : In the spoiler are some snippets featuring PLS Mark Story wrote :“-Lithium demand expected to increase 10x-plus into 2030
Cheers
(20min delay)