While there're large open shorts, there have to be some price capping/manipulation activities.
However, if price goes up quickly, some of them have to start covering, then driving price further up.
Based on realised spodumene price (6%) at USD$750/t for PLS, that would be sufficient to justify $1/share, then probably $1.80/share for adding stage 2, imo.
November and December new energy vehicle sales are usually highest in the year in China, I can't think much negative news that would put pressure on share price in the near future.
Day to day discussions on S/P, page-5274
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Last
$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.10 | $2.95 | $98.90M | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |