Two factual problems with this.
Producers are not reducing supply, in many instances they are increasing it - see PLS and SGML. Not only this, but loss
making companies like SYA are happy to light shareholder value on fire rather than go into C&M (where they should be).
Dont get it twisted, electric vehicles don’t save the world or anything. There is enormous power both politically and economically in being able to choose how consumers (voters) are able to transport themselves around. This is the driving force behind EVs.
Good News & Bad News, page-43542
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Last
$2.89 |
Change
0.000(0.00%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $3.03 | $2.84 | $130.7M | 44.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 352029 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 5945 | 3 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |