My "garbage"? Well it seems like what I've been saying over the last 12 months has been more accurate than 99%+ of posters on here. In fact, I don't think I've been bearish enough. I didn't think spod would go below $1k/t. Heck, I was surprised to see it go below $2k/t. It'll take brokers another few months to update their forecasts to reflect what's already happened.
The fact of the matter is producers were spruiking "destocking" to explain the softness in pricing. Holders lapped up this narrative like a puppy dog. The reality is China was on the ball and used their initiative to source supply from Africa and locally. China gets sh!t done when it needs to. The western world takes 10x longer to get something done. China laughs when the western world says it takes 7 years to get a mine into production.
Good News & Bad News, page-37900
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.91 |
Change
-0.090(3.00%) |
Mkt cap ! $8.763B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.06 | $2.90 | $43.68M | 14.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12200 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 3400 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |