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.
- Forums
- ASX - By Stock
- Good News & Bad News
Come on guys, PLS is looking ridiculously expensive at current...
-
- There are more pages in this discussion • 9,030 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B |
Open | High | Low | Value | Volume |
$2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15056 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 89928 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 2.970 |
2 | 5067 | 2.960 |
1 | 7500 | 2.950 |
1 | 10000 | 2.940 |
4 | 11699 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 31000 | 3 |
2.990 | 28400 | 2 |
3.000 | 113777 | 14 |
3.010 | 8821 | 3 |
3.020 | 135253 | 6 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online