Its more to do with US and the volatility around the coming US election.
Markets had penciled in a Trump win and now a day later it now looks like Harris will win.
China in a economic mess of its own making and we have a perfect storm.
The good news out of China ought to be they investing heavily in EV's where the Chinese government
is doing packages to help EV owners over the combustion engines so that is good news for us.
Its just the spod price is also falling quite hard due to a large over supply issue which can't be ignored.
PLS selling spod at $840US/T and their cost is I think I read it at $484US/T CIF.
That isn't much margin for error and their cost price is set to rise in 2025 and if spod keeps
falling its not a good prospect.
I am in hold position. Think we will get a good report for the last financial year then
PLS ought to go up by quite a bit.
Just looks quite bad and bleak now is all.
Must have nerves of steel in the share market.
PLS set to get up to 1m tonnes of spod next year and looking to double it by 2028.
That is a long time to wait and some of us are getting older and might be to old to spend it.
Its more to do with US and the volatility around the coming US...
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$2.96 |
Change
-0.020(0.67%) |
Mkt cap ! $8.913B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $3.02 | $2.91 | $52.74M | 17.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 31282 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 15058 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |