This from "Livewire" today:
Weadded to PilbaraMinerals (PLS) atthe expense of LynasRare Earths (LYC) duringthe period. This was very much a relative call, with PLS at the earlystages of an earnings upgrade cycle, driven by both volume andspodumene pricing upside. It also has strategic optionality nearterm, with the re-commencement of the acquired Altura operationseemingly the only visible hard rock lithium units to come to marketover the next 6-12 months. Conversely, LYC has skilfully executed ona number of its strategic priorities and already enjoyed significantearnings growth on the back of very strong prices recently. It’salso in the midst of a capital intensive phase with little volumegrowth until the Kalgoorlie cracking and leaching facility iscommissioned. It is uniquely positioned over the medium to long term,but we felt a better relative opportunity presented in PLS nearterm.
Onwards and upwards. GLTALTH.
Good News & Bad News, page-2144
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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 |