"With the lithium price sinking and staying low, what has this done to the profit estimates for the next few years? .............."
This measured UBS forecast for PLS is predictably (for UBS) based on the premise that Li demand and therefore prices are going to remain at current low levels. Though I believe that a return to the heady highs of a coupla years back are optimistic in the foreseeable, there are growing indications that the Supply/Demand price curve will be moving favourably up as FY25 progresses and so these UBS profit estimates are questionable.
All IMO of course - but I am of the opinion we shall do better. Time will of course tell.
Go PLS and GLTAH
"With the lithium price sinking and staying low, what has this...
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |