The truth is it doesn't matter what the cause of the current market conditions is as long as it isn't a sustained decline of demand for lithium and it's upstream products, which it isn't.
The current market conditions are making it difficult for new supply to come online. Given the lead time required for new operations to go to production (18-24 months typically), I think it is inevitable that the market will find itself in deficit again in the future. PLS is cashed up and ready for M&A in the meantime. There will be a lot of stranded assets finding new homes while the market is depressed. I don't know how long it will last, all I know is that PLS is one of the cleanest shirts in the basket, so if you believe in Lithium in the long term you should be accumulating right now. All this who is responsible chatter is just noise.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-43612
-
-
- There are more pages in this discussion • 2,643 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.82 |
Change
-0.060(2.08%) |
Mkt cap ! $8.762B |
Open | High | Low | Value | Volume |
$2.86 | $2.94 | $2.80 | $45.57M | 15.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 198192 | $2.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.82 | 272255 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 59953 | 2.810 |
36 | 427974 | 2.800 |
18 | 232235 | 2.790 |
21 | 299795 | 2.780 |
13 | 290572 | 2.770 |
Price($) | Vol. | No. |
---|---|---|
2.820 | 257017 | 38 |
2.830 | 328907 | 20 |
2.840 | 28955 | 5 |
2.850 | 138071 | 10 |
2.860 | 124775 | 5 |
Last trade - 12.08pm 13/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |