Come on guys, PLS is looking ridiculously expensive at current spot prices. I'm surprised the share price is still above $3 considering how low profits will be.
The inventory running down narrative is what producers want you to believe because they're obviously talking up their own book. Inventories have been apparently running down for the best part of 12 months.
None of you had US$1k/t SC6 spod in your spreadsheets. I think the worst case scenario people had was $2k/t. Just because price is outside people's expectations, excuses like manipulation are being thrown around like notes at a strip club. The reality is supply and demand is much more in equilibrium than people want to believe, hence why price is coming back down to the cost curve.
Good News & Bad News, page-36269
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Last
$3.08 |
Change
-0.120(3.75%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $74.93M | 23.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 39433 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 295367 | 76 |
View Market Depth
| Last trade - 13.04pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |