For those worried about about the share price being low on PLS and other Lithium miners.
Remember we are getting almost US$6000 margin per tonne.
Remember also that we have dividends coming our way
This is not off topic, but a comparison.
Whitehaven Coal (WHC(.AX)) is on an incredible upward surge – up over 130% in the last 3 months and up 320% since 2 January 2020.
One of the key drivers has been the significant increase in coal prices due to the closure of coal mines around the world, the war in Ukraine, the disruptions caused by Covid along with surging demand from China. Since July 2020, Newcastle coal futures have shot up from $39 USD per Tonne to over $370 USD per Tonne as of October 2022 – an increase over 840% in 27 months.
Assuming a low of $39 must be close to cost, then a margin of $331 is probably making Whitehaven shareholders very happy. Yes - I know the volumes are much greater than lithium sales, but I think I am about 20 times happier.
I personally would not want to be invested in coal
Ignore the negative noise and endure the shorters- this will pass
For those worried about about the share price being low on PLS...
Add PLS (ASX) to my watchlist
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |