PLS 3.17% $3.05 pilbara minerals limited

A bit of a dramatic sell off across the li board. I understand...

  1. 4,648 Posts.
    lightbulb Created with Sketch. 990

    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.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$3.05
Change
-0.100(3.17%)
Mkt cap ! $9.185B
Open High Low Value Volume
$3.13 $3.15 $3.02 $74.55M 24.33M

Buyers (Bids)

No. Vol. Price($)
4 89482 $3.04
 

Sellers (Offers)

Price($) Vol. No.
$3.05 37502 3
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.