You think the price is too low. Others think its too high. That’s what the market is - it seems that posters claim manipulation because they cant comprehend that others have a different view.
On current Li price, current Li yield and current funded expansion plans ... PLS is priced well above fair value. You may value it higher based on improving yields, stage 3 volumes or higher prices (all reasonable beliefs to have) ... but don’t expect the whole market to agree with you ... because it’s also reasonable to believe that recovery won’t reach 70% (let alone 75%), stage 3 won’t go ahead and prices won’t improve.
If you think its cheap - BUY. If you think its expensive SELL. But pls, stop whinging!!!
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $40.14M | 13.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 110363 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 14732 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |