A bit of a dramatic sell off across the li board. I understand with the China situation it might finally impact li prices a bit but what’s the worst it could crash Spod prices to and PLS are making a motza on their average contract price of sub $5k anyway and $8k at auction. Even in a bad case scenario that auction prices tank 25% on easing demand until China get over Covid PLS are still likely able to negotiate higher contract than they have atm anyway. Not sure that this sell off is justified at this level but the shorts and accumulation have been dealt a golden hand and will use any bad sentiment to the hilt. Bought some at $4.55 again, money for jam.
PLS chart, page-10057
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |