Just more patience required.
Lets say the Lithium price stays where it is for 10yrs and the SP stays where it is for 10yrs, during that time (all things being equal) PLS will still have made a profit of 5 billion dollars on top of what's in the bank now. PLUS it will be earning some substantial interest payments.
In this situation the SP cannot possibly stay where it is, it will have to go up at some point just from the cash in the bank and of course we don't expect Lithium to stay this low for 10yrs so I would expect the SP to rise well before then.
Just more patience required.Lets say the Lithium price stays...
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$2.89 |
Change
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Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $3.03 | $2.84 | $130.7M | 44.92M |
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| No. | Vol. | Price($) |
|---|---|---|
| 19 | 352029 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 5945 | 3 |
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| PLS (ASX) Chart |