I agree, I was more bullish ALB, LAC SQM based on valuations, but this depressed pricing environment has lasted longer than I expected. Therefore the aforementioned companies are in significantly more financial distress.
ALB just did a huge raise and so did LAC.
There is a reason none of us are running the company and Dale is. Wise head, keeping was and is still the smart play.
$2bil @ 5% is $100mil in interest per annum.
There are worse ways to get paid for not taking any risks.
Ann: March 2024 Quarterly Activities Report, page-83
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Last
$2.84 |
Change
-0.015(0.53%) |
Mkt cap ! $8.476B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.92 | $2.81 | $28.86M | 10.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 96 | 213240 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 199817 | 77 |
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| Last trade - 15.48pm 18/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |