I agree completely, I was more referring to capital movement, not fireworks for SP's.
IMO anyone who has been holding any of the current producers longterm and their average price is still in the top quartile of the last 2 years SP, need a strategy, because hoping the SP goes there again is very wishful thinking.
Im working on company valuations on the basis Spod is likely to average around $650 for 2022 - 2025, at that price a lot of mines can ramp up or get finance.
I rank PLS being in a pretty good spot at the moment, not perfect but certainly better than others.
Their neighbour is in dire straits (hold also), with an interest bill of $94k a day, saying that if their is a sector uplift and the millennials chase Li sector they are a likely beneficiary, very low SP compared to highs, all looks rosy if your not fussed about reading financials.
PLS chart, page-208
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Last
$4.07 |
Change
0.010(0.25%) |
Mkt cap ! $12.24B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $4.14 | $3.94 | $56.44M | 13.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 97523 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.08 | 17432 | 4 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$4.08 |
Change
0.010 ( 1.18 %) |
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| Open | High | Low | Volume | ||
| $3.95 | $4.13 | $3.94 | 4224888 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| PLS (ASX) Chart |