Hi Golden Fleece -
" I still don't get why anyone in their right mind would lend out their shares only to see the value pushed down "
Unless of course you were embarking on another accumulation phase. Some of the BEOT may have very long term investment horizons of 5, 10, 15 or a 20 year view of the lithium sector. Nobody likes to see their wealth eroded on paper and it is only lost if you sell at less than what you paid for something.
My opinion is to work with these maggots and buy up PLS stock now as you can afford to do so and have the same long term view as them. BEOT couldn't give a flying F!@K what the PLS share price is now, they're looking at 5 years plus down the track. Imagine PLS a 20 or 40 dollar stock price. FMG comes to mind when I have a good think about PLS.
My advice to myself is buy the dips don't sell the dips.
Pls shorted, page-353
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Last
$2.74 |
Change
-0.110(3.86%) |
Mkt cap ! $8.054B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.66 | $184.4M | 67.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 238827 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 274109 | 7 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |