PLS…. My feeling has been that the weekly hammer at the start of Dec was the bottom, but I am not confident. A re-visit to $3 I see as quite likely.
quarterly out on the 26th, will very likely be the trigger
plenty of lithium projects being wound back, so supply will start to tighten in due course….usually the sign of an impending bottom. Even PLS getting squeezed on the cost curve…food for the shorters @22%….but not sustainable, but when does it turn? Plenty of negative news about…..so also one for the the contrarians.
PLS will motor out of the bottom, that much we know. I am already in, but am preparing to add if it gets taken down
So, in summary, the opportunity still lays ahead I believe
good luck with your buys
The Brains Trust - 2024, page-173
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