There is too much growth that can be achieved in a market that is in a structural deficit and trying to diversify Lithium chemicals away from the CCP, to do BB's. The company has committed to a capital management plan that includes a dividend, with caveats, so hopefully they won't resort to a BB just to give the shorters a bird. That would change my opinion of this BOD quickly. The SP will take care of itself as time goes on and the company grows. Eventually these fanciful stories about Lithium being everywhere, sodium batteries and demand softening, will be seen as just that, fanciful. One BMX auction at a time, the off take contract prices will adjust and as each quarterly passes, cash will just keep piling in.
PLS chart, page-10646
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$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 5 | 16986 | $2.97 |
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| Price($) | Vol. | No. |
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