the point about it is is that PLS is one of the lowest cost producers
so if PLS isn't making much money then all the other producers with higher cost will be making even less money and will start going out of business and dropping like flies.
the fundamentals you are talking about are only short term fundamentals, long term only a few lithium producers will survive and PLS with $1.8bn in the bank, not a lot of debt and low costs will be one of them.
PLS chart, page-22306
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.89 | $45.17M | 15.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 335341 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 154500 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |