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$2.69 pilbara minerals limited

There ya go Whisky

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08/01/19

09:05

Post #: 37052075
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Originally posted by whisky49: ↑

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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There ya go Whisky

PLS Price at posting: 73.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.69		Change -0.160(5.61%)		Mkt cap ! $8.189B

Open	High	Low	Value	Volume
$2.80	$2.80	$2.66	$124.1M	45.59M

Buyers (Bids)

No.	Vol.	Price($)
75	448050	$2.69

Sellers (Offers)

Price($)	Vol.	No.
$2.70	388724	53

View Market Depth

No.	Vol.	Price($)
72	438830	2.690
68	389996	2.680
45	475574	2.670
58	451792	2.660
81	601952	2.650

Price($)	Vol.	No.
2.700	387464	52
2.710	252523	47
2.720	215155	29
2.730	280286	20
2.740	348038	24

Last trade - 13.02pm 15/08/2024 (20 minute delay)

PLS (ASX) Chart

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