If spod is $1500US then the cash will pile up a lot quicker, it just seems unlikely to me that with so much supply coming online in the next 1-2 years that it will rise 40-50% from its current levels.
I'm of the opinion that the opportunity is going to be in 2-3 years time as high cost producers start winding back, and new supply is constrained.
I'm often wrong of course, and if you're right, it would be mad not to be jumping on at these prices.
If spod is $1500US then the cash will pile up a lot quicker, it...
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |