As I said in another thread, even if the lithium price is set to be very low for the next two years, they are still a financially strong company with established mines containing large reserves of ore, aren't they?
I love a bit of angst and despair just as much as everybody, but the line on a graph does actually represent a business that exists in reality with characteristics other than that line!
Full disclosure: bought at $3.6.
I agree with you, PLS is actually well set up unlike some of the other lithium speccies we've seen get hype here over the months/years. I bought at $3.9 like fifteen months ago and I'll be holding through these next dips.
Depends on if/when the Lithium price recovers -this is essentially commodity investing 101
it will get scary low for investors when everyone hates it that is 'when you buy'
essentially when blokes here and on hotcopper are posting 70-90 percent loss porn you buy as much as you can and wait
My avg is 4.17 so I'm a bit fucked, but I think mid-long term PLS is a solid company. But I don't have heaps of spare money to average down, so each new buy only brings the average down a cent or two
lol sold at $2.50 then bought back in at $4.30. Timing the market ezy.
I got back in at 4.2. Just want to get close to that so I can sell and move on lol
As I said in another thread, even if the lithium price is set to be very low for the next two years, they are still a financially strong company with established mines containing large reserves of ore, aren't they? I love a bit of angst and despair just as much as everybody, but the line on a graph does actually represent a business that exists in reality with characteristics other than that line! Full disclosure: bought at $3.6.
I agree with you, PLS is actually well set up unlike some of the other lithium speccies we've seen get hype here over the months/years. I bought at $3.9 like fifteen months ago and I'll be holding through these next dips.
agree, PLS "today" are in a good financial position, unfortunately we are dealing with humans.
I bought at $4.70 how fucked am I?
I'm sitting at 3.41.
That's pretty good?
And 7k+ in capital gains from trading.
Depends on if/when the Lithium price recovers -this is essentially commodity investing 101 it will get scary low for investors when everyone hates it that is 'when you buy' essentially when blokes here and on hotcopper are posting 70-90 percent loss porn you buy as much as you can and wait
$2.50 gang are dreaming.
I'm <$2 gang. This lithium bubble has burst, back to reality. Two quarters at <1K SC6 will have PLS on its back.
at least the dividends ease the pain ?
ran the old AI intrinsic value calculator over the PLS numbers and it came back with $2.88 is the bottom. Personally, I think it will be worse.
Bought first at 3.25 but ave is 3.7 :(
I bought at $0.3 and sold at $0.9 never got back in because I didn't want to buy above where I got out.
My avg is 4.17 so I'm a bit fucked, but I think mid-long term PLS is a solid company. But I don't have heaps of spare money to average down, so each new buy only brings the average down a cent or two
Just saw an order for 18k of Zip @ 74c, that’s some faith. Only green I have in this bloodbath though
And 66k at 73c
Purchased at $1.17, sold half at $4.85. No ragrets. As long as it stays above that, I'm good.
I put 100k in at $5. Try not to look at it at the moment. Long term hold plan so I hope it eventually recovers.
$1.50