I assume you're replying to me. So the market is going to pay twice its intrinsic value just because it's a "quality company"? Even Apple, the world's most well-known brand isn't trading on twice its intrinsic value. But you think a mining company should?!
The share price will follow the underlying commodity price in due course. There's a lot of holders, including institutions, who are hanging onto hope that the price of lithium recovers. There will be a procession for the exits over the next period of time if this doesn't transpire as the current valuation has no support with a med-long term US$1-1.5k/t spod price.
I assume you're replying to me. So the market is going to pay...
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |