Yes, Danny boy was out of his depth, NFI.
Commenting on a different analyst, I note Canaccord Genuity put out a slight downgrade on PLS yesterday, after upgrading 5 days earlier. They seem to be nervous wrt high lithium prices, and in their latest update, have done the flip and backed producers over wannabes for the medium term, playing it safe IMO, which seems obvious to me, given the insane lithium prices.
At present the most dominant aspect of what's driving wannabes share prices is the lithium spot price, while majority of lithium sales from producers are via contracts, for which the later pricing is rising faster than spot prices. Consensus is that contract and spot will converge over the coming year or so, where spot will cool off and contract pricing will keep rising, meeting spot somewhere between the current gap.
Yes, Danny boy was out of his depth, NFI.Commenting on a...
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |