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$4.00 pilbara minerals limited

No not completely dumb.....

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Hillyhawkie

638 Posts.

80

25/08/23

16:27

Post #: 69554269
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Originally posted by Sewerat: ↑

Remember when spod was selling for like $500/tonne in 2020? Problem is that at current prices, any rock lithium resource looks economically fantastic. What happens when prices drop to $2000/tonne, when an outrageous fortune is still possible for many resource deposits to bring on more supply? That $2.4B profit now becomes $0.7B at best, which is a PE of 20 at current share price. My curbing of enthusiasm here has nothing to do any envy I could have of you lot given I sold out at $0.18/share in 2020, at a cost of $0.70. I'm not completely dumb, I happened to buy LKE at $0.03 back then and sold out high enough.
Key here is whether China keeps making insane numbers of EV's for its own diminishing population that may be copping a financial haircut. If they can't and if the developed world can't stomach chinese made EV's (I certainly can't, love my Jap made PHEV) and/or batteries, then spod sort of has to go back to well below $2000/tonne. But for now, PLS will theoretically recieve $1.5 Trillion AUD for their 218MT of reserves at current prices. That's insane.

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No not completely dumb.....

PLS Price at posting: $4.70 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $4.00		Change -0.060(1.48%)		Mkt cap ! $12.21B

Open	High	Low	Value	Volume
$3.96	$4.02	$3.94	$11.03M	2.769M

Buyers (Bids)

No.	Vol.	Price($)
20	56884	$4.00

Sellers (Offers)

Price($)	Vol.	No.
$4.01	37464	14

View Market Depth

No.	Vol.	Price($)
24	63571	3.980
11	70560	3.970
17	112200	3.960
21	236737	3.950
10	64152	3.940

Price($)	Vol.	No.
3.990	35585	11
4.000	204303	24
4.010	66721	13
4.020	118544	18
4.030	64547	12

Last trade - 10.38am 01/05/2024 (20 minute delay)


Last $4.00			Change -0.060 ( 0.81 %)
Open	High		Low	Volume
$3.95	$4.02		$3.94	697167
Last updated 10.58am 01/05/2024 ?

PLS (ASX) Chart