My View:
The shorters are in very dangerous territory (Shortman currently 17.5%).
In an exploration Co. or pre production or one with a weak balence sheet that would be a given.
However, PLS, M/C $11.631B Cash $3.339B (Stats. from Marcus Today)
OK, Li price, artificially low due to (IMO) Chinese manipulation.
But being Old, Tired & Cynical, I'm comforted by the following:
Bulls can make money,
Bears can make money,
But pigs always get slaughtered!
It would only take a hedge fund to lob an unrealistic very conditional bid, simultaneously calling its shares back & Hey-Ho share price may not double but likely to put-on $2ish...Roast Suckling Pig and Bacon Sarnies all round...
Lest We Forget.
My View:The shorters are in very dangerous territory (Shortman...
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Last
$2.93 |
Change
0.140(5.02%) |
Mkt cap ! $8.819B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.93 | $2.77 | $65.23M | 22.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3424 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 170199 | 9 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |