That's the first decent post on this forum in a long time. I've read a few articles recently on the strong probability of oversupply becoming undersupply very quickly and concur with that view.
Like everyone else, I don't know if the Li price has bottomed, but once demand increases, price will also increase.
I posted yesterday my thoughts on why I think the PLS Sp has bottomed out.
Once would think "Doom and gloom is exhausted" but one only has to read the PLS forum on HC...sigh
Contrary to most, I think the quarterly activities report was a good one because it demonstrated an ability to address and fix the problems and shows a clear plan forward.
So yes, I'm going to continue to sit on my holdings and may even top up.
PLS upside 2020 and beyond, page-3
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Last
$3.00 |
Change
0.030(1.01%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.07 | $2.93 | $75.87M | 25.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 239340 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 16185 | 6 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |