pls has a very limited customer base, and a very reliant one....

pls has a very limited customer base, and a very reliant one. -china l
the sp has been stagnant to declining for the past year or more. some say this is due to the lithium price as well the big boys like gs sb etc finally seeing the light and wanting a piece of the action, thereby shorting lithium stocks across australia.
but the fundamental issue imo is pls weak reliance on selling its product into chinese markets. a huge weakness.
and unless it breaks free of china domination, it is almost certain to fail somewhere down the line or just get plain taken out by the chinese, esp from the pressure they will exert on its sp by refusing to buy product unless it accepts an offer too good to refuse!
i look forward to the day when pls' management comes out with an announcement declaring this issue to be fixed once & for all time!
undoubtedly the ann. earlier in the week eased some of the concern, bc we need to get out of china's rapacious grip and fast.
-via diversification into non-china customer bases like the european/north american/japan markets.
then watch the sp move upwards, which for such a money making venture as pls surely is, should be the way.
not stagnation or a declining sp?