It is not manipulation. PLS only got as high as $5.60 when spot spodumene prices went over US$8000/t. Now spot prices are less than 1/10th of what it was when the share price was $5.60. If anything, logic should tell you that the share price is manipulated to trade higher than one would have expected.
I bought PLS in 2022 around $2-$2.54 when spot spodumene concentrate was about US$4000/t. That made sense to me. Paying $2.60-$3 now with SC6 close to US$700/t just doesn't make sense to me. It probably doesn't make sense to others to buy PLS now either.
Commodities are unpredictable. It can catch you on the wrong end of a trade very easily.
It is not manipulation. PLS only got as high as $5.60 when spot...
-
- There are more pages in this discussion • 1,891 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.96 |
Change
-0.020(0.67%) |
Mkt cap ! $9.049B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $3.02 | $2.91 | $51.69M | 17.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 306613 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 1842491 | 6 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |