The HC bubble is all encompassing and mostly good value. But, the market does mostly get it right after reading the signals from many fronts and there may be more PLS SP pain over the low volume period.
https://www.asx.com.au/asxpdf/20191213/pdf/44ckt1gswd7h6k.pdf
Mt Marion sale price for 6% spodumene concentrate is now ~50% down from the peak Sep 2018 quarter price. Painfull for all it has been.
Dec 2019 quarter US$ 520.92 per dmt (-14.5%)
Sep 2019 quarter US$ 608.95 per dmt (-11%)
Jun 2019 quarter US$ 682.38 per dmt (-14%)
Mar 2019 quarter US$ 791.84 per dmt (-14%)
Dec 2018 quarter US$ 930.80 per dmt (-13%)
Sep 2018 quarter US$1070.80 per dmt (+11.5%)
Jun 2018 quarter US$ 960.00 per dmt (+6.5%)
Mar 2018 quarter US$ 900.00 per dmt (+7.0%)
Sep to Dec 2017 half year US$841.00 per dmt (+12%)
Mar to Jun 2017 half year US$750.00 per dmt
MIN average price received over the last 3 years was ~US$804 per dmt.
When a concentrate price reversal is confirmed, hopefully in the June to September 2020 quarter’s, accumulate more for the medium to long term …
Does the rut continue long into 2020 … hope not ,time will tell, but indeed that 2nd larger wave will come in time … Best of health & luck to all PLS shareholders …
……………………………………………………………………………………………….……
Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
The HC bubble is all encompassing and mostly good value. But,...
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |