The 2007 iron ore crash has two factors involved. W Swann super mining tax which saw FMG go from $13.15 to $1.13
and BHP go from $54 to $20. Don't recall BHP getting as low as $12 from a $40 mark.
The other factor was over supply with to many new mines coming in and the iron ore price got as low as I think it was $38US/T.
Atlas Iron went under and Gina brought the left overs. Atlas Iron went from $4.60 to 3c then went under.
Seeing the same play out with the junior lithium miners. They've dropped so low now that they may well go under too.
SYA down to only a few cents and with prices this low they'll be losing money so they may well go under like many others
in the same position. PLL also dropped way down and last I looked they were about 10c or so.
PLS still making good enough profits so they'll survive. When the juniors disappear the ore price will start to rise again.
Think longer term.
- Forums
- ASX - By Stock
- PLS
- Spodumene Prices
Spodumene Prices, page-4059
-
- There are more pages in this discussion • 733 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B |
Open | High | Low | Value | Volume |
$2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 281921 | $2.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.77 | 221281 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 261690 | 2.750 |
27 | 597846 | 2.740 |
9 | 217670 | 2.730 |
26 | 133877 | 2.720 |
16 | 732725 | 2.710 |
Price($) | Vol. | No. |
---|---|---|
2.770 | 221281 | 8 |
2.780 | 14600 | 2 |
2.790 | 284383 | 4 |
2.800 | 51389 | 7 |
2.810 | 52000 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |