We can debate all we want about the future of EV and all that but when general market turns no aggressively, no one is concern about climate change when their own pocket is hurting.
PLS has collapsed in reality speak. Given the state of panic by market participants, this is the last place to be focusing when one already is exposed to the sector. Diversifying into other stocks in this sector isn't that at all, see what happened to AJM the latest cab extending the begging bowl as opposed to TAW collapsed into admin. These bargains are like an option heading into expiry, with the expiry = cash flow.
I am curious why CATL took paper in the SPP instead of heading into the debt bond it used to raise capital. Up until last week PLS bonds were paying 8% which is a discount from coupon 12%. This is where the ownership of the company lies, not the paper that is up for sale in ASX.
We can debate all we want about the future of EV and all that...
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |