It's being dumped because PLS is too far out from production to hold (and maintain) an overly high speculative value. There's a million hurdles and variables to overcome, a lot of water to pass under the bridge, between now and the point when PLS is actually sending offtake to a paying customer.
I think people have to get real with themselves - PLS does have great potential, but the run to 80c was driven in equal measure by hype, bandwagon momentum, and fear of missing out. And too many (who will be too proud to admit it) blindly bought into PLS without doing an iota of research into the lithium sector.
Investing/trading... if it was easy, we'd all be rich.
Why is PLS being dumped, page-18
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Last
$2.97 |
Change
-0.010(0.34%) |
Mkt cap ! $8.883B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $2.99 | $2.91 | $11.92M | 4.046M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 59461 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 93337 | 16 |
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| Last trade - 11.52am 11/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |