I'm yet to work it out. ORE, PLS, GXY, GMM, LIT, NMT, et al... all in various stages business life cycle, yet all falling out of favour of traders in relative unison. Hmmm.
Not looking for affirmative, fluffy-hug or chin-up sentiments from PLS permabulls, nor links to heart-warming Telsa articles (especially if you've never heard of BYD or other likely global competitors to TSLA) - I want intelligent, dry, concise, laconic, technically precise viewpoints as to why Australian lithium juniors are all diving, when broader market signs for lithium are all exceptionally positive during this latest market rally?
It's a given that Chinese demand and spot prices for lithium are going to rocket in the short / mid term... so what gives? Why is that not reflecting in the SP of current Australian producers / speculatives? Is there a primary driver i'm not seeing for looking?
What's motivating the selloff amongst lithium juniors?
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Last
$3.05 |
Change
0.050(1.67%) |
Mkt cap ! $9.179B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.12 | $3.03 | $45.56M | 14.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 262357 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 102070 | 12 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |