I don't think the lithium price is so important now as PLS still went up 2% probably because the market is looking ahead and is getting set for the next cycle
as this article seems to be suggesting
"A couple schools of thought on M&A: Do it at times like these, when valuations are under water so you can warehouse projects for the next boom or pick up a sneaky Tier-1 asset on the cheap."
further it would seem that potential buyers with cash don't go up as much as companies that might get taken over.
Good News & Bad News, page-45270
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Last
$3.27 |
Change
0.110(3.48%) |
Mkt cap ! $9.846B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.30 | $3.21 | $93.46M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29000 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 20000 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |