It seems that the Lithium prices are starting to do better, just check the index. Lithium prices haven't been this high since May this year. So long as the price rise can be maintained, or even show signs of stabilizing, I believe the SP for Aussie Lithium producers will also recover dramatically.
The market here in Australia isn't as sensitive as it is in the US. Australia is more forward looking.
But consider this, the share price for PLS in May 13th 2016 was 80c, and the Lithium price index was only 83 points. Today the Lithium price index is sitting at 106, and the share price is sitting at a crazy 25c ?!
I'm not saying that we are sitting on a bed of roses, but when the Lithium futures show more promise, so will our holdings IMO.
It seems that the Lithium prices are starting to do better, just...
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Last
$2.58 |
Change
0.000(0.00%) |
Mkt cap ! $7.769B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15582 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 36624 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |