I think the charts below tells you everything one needs to know , the shareprice of Company producing Lithium will more or less follow the price of Lithium , shorters or no shorters and I'm sure any Lithium index will be shorted itself, but in the end supply an demand dictate the price of commodities , with over runs in either direction.
When that index tracks up expect the shareprice to do likewise, however at some stage PLS will establish a shareprice more PE related, but still continue to loosely track the Lithium price.
The culprit is Lithium not shorters or "manipulators " of PLS ,ther'e just bit players , there are much larger players out there able to push the Lithium price around, but again supply and demand will eventually rule...
PLS has set itself up to benefit greatly from any shortage and enough margin to cope with a glut IMO and that's a good space to be as a producer.
Anyone who thought PLS could maintain the largely hype driven shareprice high of a year ago, against the subsequent falling Lithium price , a general market correction while raising cash to construct stage 1 , is not facing reality IMO , trying to find someone to blame instead.
Cheers Whisky
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B |
Open | High | Low | Value | Volume |
$2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 28879 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 287620 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 28879 | 2.660 |
6 | 65770 | 2.650 |
33 | 895597 | 2.640 |
38 | 465612 | 2.630 |
29 | 79490 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 287620 | 11 |
2.690 | 852830 | 8 |
2.700 | 336022 | 8 |
2.710 | 64200 | 7 |
2.720 | 227708 | 8 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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