I read many people kept saying the next qtrly will in some way push the sp up. I would like it to, but don't forget PLS is still at ramp up stage, the cost will be higher, Ken himself pointed this out at Benchmark Mineral conference i attended in Sydney (god knows how much higher) than the dfs figures. I think the following qtrly (ending Mar19) is probably more reasonable to expect a more colorful figures (provided production ramp up is completed by end of 2018 and no hiccup). Anyway, i can wait even if it will take longer.
The overal market is pretty bad right now, but i am a believer in the new energy transition.
If this help, albeit the sp suppression was not as long as this year, in 2017 we witnessed the sp being pushed down from 60c to 31.2c (with many good news were announced 3 BOA, funding etc). We know how fast it turned afterward.
The fundamental of the company as well as the industry are so much better than it was last year. With market crash or no, VW, BMW etc have spent billions in ev. There is no going back. The sales figure on ICE has been dropping in the last few months. These manufactures will push ahead with ev to help their profit number. Private businesses have been pushing solar and wind with battery storage system with or without government support. Its happening, i am confident to ride this through.
Good luck to all.
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