Stop comparing lithium companies that don't make a profit to FMG, it is silly. They may both be in the resources sector, but that's the only similarity.
The only reason companies like PLS and AJM are still solvent is that they keep coming back to the market with cap in hand for more funds.
PLS must deliver on the promised improvements by June 2020 or the party is over, because the oversupply of spodumene looks to continue throughout 2020. Lithium hydroxide/carbonate prices may improve, but that may not flow directly onto spodumene.
Predictions of PLS share price bottoming are premature until we make a profit and the spodumene price turns around.
PLS upside 2020 and beyond, page-5
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Last
$3.41 |
Change
-0.100(2.85%) |
Mkt cap ! $10.26B | |||
| Open | High | Low | Value | Volume |
| $3.46 | $3.52 | $3.41 | $139.1M | 40.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 755759 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 15847 | 2 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$3.45 |
Change
-0.100 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| $3.46 | $3.52 | $3.42 | 5815923 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| PLS (ASX) Chart |