PLS 1.01% $3.00 pilbara minerals limited

Good News & Bad News, page-39658

  1. 14,025 Posts.
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    I have no idea why you are making money. this stock is a complete mystery to me.
    the lithium price was about $6000 a tonne in Nov '22 and the PLS share price had reached it's highest point ever of around $5.
    But since then the lithium price has dropped about 84% to $985 and 21% of PLS's stock is short and it is $4.35 and on the way up to $5
    so the basically the lithium price is about 1/6th of what it was and it is still trading at around $5
    Honestly is there any sense to it all.
    Beats me.
    I mean really a small up tick in the lithium price (which is almost at all time lows) and the stock is trading at all time highs. come on!
    All I can think is that this stock is driven by sentiment alone and fundamentals are completely out the window.
    And what's the bet that all these shorters agree with me. come March 4 the short position on PLS will still be 639m if not more.



    https://hotcopper.com.au/data/attachments/6001/6001353-af0c99fa2b58f65764237a3defe49aca.jpg
    Last edited by kennethgalbraith: 01/03/24
 
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Last
$3.00
Change
0.030(1.01%)
Mkt cap ! $9.029B
Open High Low Value Volume
$2.96 $3.07 $2.93 $75.87M 25.21M

Buyers (Bids)

No. Vol. Price($)
13 239340 $3.00
 

Sellers (Offers)

Price($) Vol. No.
$3.01 16185 6
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Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
PLS (ASX) Chart
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