I guess probably those sophisticated investors and/or Blue Ocean clients took profit.
Compared with peers especially Chinese companies, valuation on PLS is currently very attractive.
According to my research, China imported 90% spodumene, currently around 80% from Talison by Tianqi.
Tianqi only used one third of spodumene to produce battery grade lithium. Talison/Greenbushes lithium spodumene is allocated between Tianqi and its partner although Tianqi gets majority production.
China seem have "huge" brine resources, and hard rock deposits, but most of them either hard to extract or low grade. Chinese subside Chinese electric vehicle mufacturers and green light for the buyers. And they are starting using electric cars on public transport and taxi etc, and local governments are putting more charging stations.
Germany also start subsiding electric vehicle buyers from this month, 4,000 euro per car for 1.2b euro.
- Forums
- ASX - By Stock
- Buy now or wait for further correction?
I guess probably those sophisticated investors and/or Blue Ocean...
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.87 |
Change
-0.105(3.54%) |
Mkt cap ! $8.942B |
Open | High | Low | Value | Volume |
$2.86 | $2.89 | $2.84 | $10.17M | 3.551M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 69723 | $2.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.87 | 22930 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 92502 | 2.880 |
18 | 244122 | 2.870 |
17 | 310826 | 2.860 |
44 | 266224 | 2.850 |
25 | 221122 | 2.840 |
Price($) | Vol. | No. |
---|---|---|
2.890 | 3635 | 4 |
2.900 | 166472 | 10 |
2.910 | 148412 | 4 |
2.920 | 73122 | 6 |
2.930 | 3061 | 2 |
Last trade - 10.14am 02/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online