In my opinion this adjustment will appear as a blip on the radar in 3-6 months. Keep an eye on the LIT ETF tonight; after 3 sessions of high volume selling following the SQM update, that will indicate the general sentiment in the lithium space.
A 3 day sell-off, that's fear based and nothing more imo. Its a fickle uninformed market when the introduction of 80,000ktpa of lithium con in to the market by 2025 triggers a 20% sell-off in Li stocks.
And that to me demonstrates that there is value out there to be scooped up.
At $1.20 this looked quite solid. But at 93c in early trade this was an offer too good to refuse, even to a pessimist like me. I ate my humble pie and grabbed a few for the investment portfolio in the mid 90s today. They've come a long way in a year; done better than I thought they would. Looking forward to a wild and woolly ride as a PLS holder
What a difficult week we have had, page-20
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |