PLS 1.06% $2.80 pilbara minerals limited

I don't think this needs its own thread, and there has been...

  1. 7,320 Posts.
    lightbulb Created with Sketch. 2687
    I don't think this needs its own thread, and there has been plenty of discussion about the Sector, however, my two cents worth, having been invested in this company for over four years, would be:

    1. Hard to see lithium prices crashing, given the amazing take up of EV's. Prices might drop for a while, but you would imagine they will resume their upward trend

    2. The punters looking for the quick buck are probably going or gone

    3. PLS is fabulously positioned as a potential low cost producer

    4. The money will flow to companies like PLS rather than those not yet in production or in difficult geographies, as the Sector euphoria wanes. Investing in any lithium stock and expecting to make money is probably gone, unless there is another wave of euphoria, which actually may happen- difficult to predict.

    I foresee a lot of interest in PLS pretty soon, as the cash starts to roll in. The profit thesis will be more important than any sector thesis.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$2.80
Change
-0.030(1.06%)
Mkt cap ! $8.429B
Open High Low Value Volume
$2.81 $2.89 $2.79 $52.63M 18.65M

Buyers (Bids)

No. Vol. Price($)
23 263602 $2.80
 

Sellers (Offers)

Price($) Vol. No.
$2.82 8000 1
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.