lithium reminds me of copper and nickel when in 2010/2011 alot of mining startups went into production by 2014/2015 lots went bust.
If you are not making positive cash flow from operations you can only survive of cap raisings and debt forgiveness for so long until it isn't viable anymore.
who knows the lithium price may stay suppressed for the next five years.
there's a reason why two off the most heavily shorted stocks on the asx are lithium plays and another just defaulted on its debt all sitting at 52 week lows.
Day to day discussions on S/P, page-14740
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |