PLS 3.17% $3.05 pilbara minerals limited

I expect PLS will one day, once again have its place in my...

  1. 6,520 Posts.
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    I expect PLS will one day, once again have its place in my portfolio - struggling to see the market continuing to support the current level while the Shorters continue with their exposures:

    Daily Gross Short Sales reported for 01-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA)
    1PLSPILBARA MINERALS LIMITEDFPO5,427,738

    Daily Gross Short Sales reported for 02-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA)
    1PLSPILBARA MINERALS LIMITEDFPO18,949,591

    Daily Gross Short Sales reported for 03-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA)
    1PLSPILBARA MINERALS LIMITEDFPO3,766,220

    Daily Gross Short Sales reported for 04-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA)
    1PLSPILBARA MINERALS LIMITEDFPO1,856,662

    Indicates they aren't done yet by a long shot!?

    Shortman has them "SHORTS" sitting at above 20% of MC since Dec.1st 2023 through until July 1st 2024!

    Until we see movement in the Lithium price - I expect the Shorters will continue their attack!?

    PLS MC sitting at a MC of just above $9 Billion surely will need greater profitability to keep it where it is at?

    I cut my losses just below $4, expecting Lithium to once again rise from the doldrums - in the meantime patience may reward the stayers, those shorters appear to still think there's time to play!?
 
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Last
$3.05
Change
-0.100(3.17%)
Mkt cap ! $9.185B
Open High Low Value Volume
$3.13 $3.15 $3.02 $74.55M 24.33M

Buyers (Bids)

No. Vol. Price($)
4 89482 $3.04
 

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Price($) Vol. No.
$3.05 37502 3
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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