When it comes to mining, whatever the spot price it will be reflected in the price that the miner gets for their ore.
In many cases, all this is reflected in the SP.
Very simplified of course but shorters and anyone else selling stock at the moment is driving down the price.
PLS is not a big source for dividends. SH who need cash may sell but what I'm suggesting is many of us retailers didn't buy PLS for the dividend or to panic sell. It's a growing company!
I bought the stock because I believe in it. I believe that the price will continue to rise and I bought the stock for its ensuring potential to pay dividends, pay bonuses, buyback stock, and perhaps a TO might come our way.
So I see the falls in the SP as an opportunity to increase my holding. (If I have the funds).
A final thought, in this uncertain time, SH's of other stock may sell and if they favour lithium, then they may be opting for one of the bigger & more stable companies. That's where PLS comes in, and it may cause little surges - just a thought!
thanks, R
Spodumene Prices, page-4033
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Last
$4.06 |
Change
-0.090(2.17%) |
Mkt cap ! $12.21B | |||
| Open | High | Low | Value | Volume |
| $4.14 | $4.15 | $4.06 | $86.50M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 644647 | $4.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 34457 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$4.07 |
Change
-0.090 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| $4.15 | $4.15 | $4.06 | 4616488 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| PLS (ASX) Chart |