I think the immediate trading halt will stem the flow of those panic-selling.
But, implications on other stocks is huge. This means many things that can/ will shape the Oz lithium landscape.
The one thing that comes to mind is that corporate activity may have to come in another form rather than a TO. For instance, a merger opportunity may have more chance of success (a la LTHM/ AKE). I imagine the Oz lithium industry will more likely consolidate through mergers and PLS is in great position to be prominent in such an opportunity. Whilst it may not be with LTR (although that would be good), it may be one or more other tier 1 mine developments currently on the go (either operating or in development).
The good thing is we know what a tier 1 asset is now worth with respect to inground LCE resource. That should translate to higher share prices as the next opportunity comes to light.... hopefully very soon!!
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$2.99 |
Change
0.040(1.36%) |
Mkt cap ! $9.003B |
Open | High | Low | Value | Volume |
$2.88 | $3.02 | $2.86 | $70.15M | 23.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8500 | $2.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.00 | 315120 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8500 | 2.980 |
2 | 52000 | 2.970 |
3 | 109361 | 2.960 |
7 | 538225 | 2.950 |
1 | 107636 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
3.000 | 315120 | 8 |
3.010 | 341588 | 6 |
3.020 | 641460 | 14 |
3.030 | 117365 | 11 |
3.040 | 84694 | 20 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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