Given PLS currently trades on a forward P/E of about 32 you could easily see PLS head back under $2 and it still wouldn't look "Cheap".
If expectations about Long term Spod pricing doesn't go back to $2k+ it's hard to see much value here.
Having said all that, you look at something like Azure that was acquired for $2.8bil and you have to think PLS becomes a bigger target the cheaper it gets.
I have lightened my lithium exposure over the last few months, taken some heavy losses on a few, but keen to really buy back in hard. Hard to know when that is, thought we had our start a few months ago.
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Last
$2.48 |
Change
-0.105(4.07%) |
Mkt cap ! $7.513B |
Open | High | Low | Value | Volume |
$2.57 | $2.60 | $2.47 | $29.36M | 11.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 211635 | $2.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.48 | 222260 | 103 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 196370 | 2.480 |
33 | 398628 | 2.470 |
38 | 216623 | 2.460 |
61 | 450279 | 2.450 |
7 | 44760 | 2.440 |
Price($) | Vol. | No. |
---|---|---|
2.490 | 352498 | 69 |
2.500 | 268430 | 45 |
2.510 | 233490 | 24 |
2.520 | 213148 | 22 |
2.530 | 266225 | 11 |
Last trade - 13.57pm 06/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |