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$3.31 pilbara minerals limited

Oh well, if you are right, I will be topping up, if not, I will...

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4,940 Posts.

130

22/07/24

20:01

Post #: 74863176
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Originally posted by asb83 ↑

Lithium is the new nickel. Both are essentially uninvestible. Supply has come online for both from sources around the world that satisfies demand for the foreseeable future.

I'm amazed this still has a market cap of ~$9b. I said 6+ months ago that this was heading to sub $2. People were fudging numbers to try and justify why it was worth ~$4 at the time. You know you're scraping the bottom of the barrel when you have to spin numbers just to justify the current valuation. Lots of people on here are guilty. Even things like saying a PE of 20+ was justified. Quite laughable justifications.

Given they only produce SC5.3 and SC6 is under US$1k/t, it's a no-brainer that sub $2 is coming sooner or later. It's just a matter of when, not if.

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it's a no-brainer that sub $2 is coming sooner or later. It's just a matter of when, not if.

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Oh well, if you are right, I will be topping up, if not, I will still be laughing!

PLS Price at posting: $2.89 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $3.31		Change 0.020(0.61%)		Mkt cap ! $9.968B

Open	High	Low	Value	Volume
$3.23	$3.41	$3.23	$60.35M	18.16M

Buyers (Bids)

No.	Vol.	Price($)
5	152099	$3.30

Sellers (Offers)

Price($)	Vol.	No.
$3.31	31295	3

View Market Depth

No.	Vol.	Price($)
5	152099	3.300
5	156173	3.290
6	458064	3.280
1	500	3.270
3	22250	3.260

Price($)	Vol.	No.
3.310	31295	3
3.340	20000	1
3.350	108027	4
3.360	158533	4
3.370	246172	6

Last trade - 16.10pm 02/10/2024 (20 minute delay)

PLS (ASX) Chart