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$3.06 pilbara minerals limited

Good News & Bad News, page-44082

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moowee

2,048 Posts.

228

04/07/24

09:37

Post #: 74600286
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Originally posted by dfs1 ↑

Apparently the auction was to a few selected companies so is that real price discovery? ALB management showing how bad they are, again.

We continue to wade through the murky waters of dodgy analysis and misinformation.

Is GWh being deployed growing at a rate that outpaces or aligns with supply growth? If we can work that out, we have found the holy grail. They s sector will continue to swing wildly for many years. We all make choices on where we are in the current cycle.

I do remember US $300-400 SC6 price. If it gets to that again, only some briners will still be producing. Not even Greenbushes will survive that. At US $800, only the Tier 1 hardrockers will produce and they won’t expand at that price and would also consider curtailment. At US $1200, we get status quo. At sustained > $1500 price, we have Tier 1 producers expanding production. At $2000+ prices, we have higher cost curve supply entering the market.

At some point, mass uptake tipping point will swing the demand equation.

So many variables. All IMO.

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'Apparently the auction was to a few selected companies so is that real price discovery? ALB management showing how bad they are, again.'

Have they had another auction recently? If so what price did they get?
Thanks dfs1
Cheers
Moowee

PLS Price at posting: $3.00 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last $3.06		Change 0.060(2.00%)		Mkt cap ! $9.029B

Open	High	Low	Value	Volume
$3.10	$3.12	$3.03	$19.95M	6.485M

Buyers (Bids)

No.	Vol.	Price($)
41	119025	$3.06

Sellers (Offers)

Price($)	Vol.	No.
$3.07	192537	21

View Market Depth

No.	Vol.	Price($)
56	181986	3.050
42	208749	3.040
31	279442	3.030
28	287686	3.020
26	253897	3.010

Price($)	Vol.	No.
3.060	232815	47
3.070	212616	61
3.080	315095	25
3.090	600210	27
3.100	442881	34

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