That's not what you said.
But let me give you the benefit of the doubt - sure equities that are related to commodity prices generally follow the price of the commodity but arent' you discounting the growth plans of the company. Even if the marginal profit is reduced per tonne, the fact we're going from P580->P680->P1000 means there's still incremental value to be obtained even at current prices.
Any increases in the price of Lithium from here (we've had a small recovery begin already) is pure upside.
Good News & Bad News, page-40787
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Last
$3.24 |
Change
-0.080(2.41%) |
Mkt cap ! $9.751B | |||
| Open | High | Low | Value | Volume |
| $3.26 | $3.32 | $3.23 | $83.81M | 25.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 106287 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 157742 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.24 |
Change
-0.080 ( 2.40 %) |
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| Open | High | Low | Volume | ||
| $3.27 | $3.32 | $3.23 | 21533662 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PLS (ASX) Chart |