Really hearing some crazy valuation ideas here.. $4.. it would take something absolutely remarkable for this company to be worth around that type of money again. That was simply a blow off top response to a once in a lifetime lithium price that we will obviously never see again. Along with extremely healthy dividend in response to that which again we will probably not see for a very long time and certainly not at that level. (And yes I'm in the club of investors whereas the dividend was higher than my initial entry price to this company)
realistically if anything were probably still trading at quite a premium. I certainly think the company shows value around the current range however if the experts are predicting that over supply could drift into the next decade as they are at creditable conferences being held the share price could also drift much lower.
I'm certainly building a position slowly re-entering but I don't think I'll achieve $4 again.. I think that was a one-off. Time with tell.
PLS Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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