Existing short positions are an asset to PLS/LRS as at some point they will have to be bought back which will underpin PLS's share price.
Thats not too far away as many Li producers are cutting back on production which will reduce supply significantly whilst demand will continue to increase steadily.
Nothing goes in a straight line up or down , and the sector turning point is ever so close by the day.
Not financial advice , just my opinion.
Ann: PLS:Presentation-Pilbara Minerals to acquire Latin Resources, page-141
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $532.2M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.8¢ | 19.0¢ | $1.297M | 6.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 329825 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 526520 | 6 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |