Agreed, can still see another 6 months minimum of pain for PLS.
Yes, PLS will do better than the likes of CXO/SYA/LTR etc etc and other high cost producers, but so many people here are ignoring the massive drop in lithium price. The prices will improve in the medium/long term after all the supply stops from the low prices, and PLS will once again outperform the rest, but at current valuation, this is too high. I'd re enter at the $2.XX range (maybe <$2.50?). I can only see downside from this quarterly, the half yearly in Feb, and the following quarterly. Maybe bottoms out by the end of the year? Who knows!
Agreed, can still see another 6 months minimum of pain for...
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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 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |