Guy's! - as much as I enjoy reading the necessary data and progress made by PLS (a big thanks to those who contribute meaningful analysis), don't lose sight of the big picture, which is the mind boggling demand for our resource: LITHIUM.
While the destiny of PLS (and a few others) is now fait accompli it is worth noting that the EV/battery space is now accelerating beyond the growing availability of the resource itself (IMO). I say this because for the last 3 years I've spent the grater majority of my time studying the resource (lithium) and its applicable uses with the benefit of a natural resource education to guide my thinking/analysis. And while I'm no genius (wife reminds me that I'm an idiot often enough) I have come to the conclusion that most folk, analysts, and even some in this forum, are greatly underestimating the developing nature of the magnitude of this sector.
Only today I've noticed that the Bloomberg report is festooned with analysis and articles on the EV sector. Electric bus's, the equivalent of 30 EV cars, are replacing ICE bus's at a blinding rate. Warren Buffets investment in BYD (EVs) has attracted a buy rating from the majority of analysts, and another long article about how China is taking over the world of car manufacturing with its EVs. In fact Bloomberg has now seen fit to develop a new and ongoing report specifically about this entire sector of investment, such is the demand from its readers. A first in the history of Bloomberg on any commodity.
In conclusion I remember reading some time ago that lithium was set to be the new oil. The writer was poo-pooed and laughed off the page, the skepticism palpable. Now I have no doubt that he was right. So imagine, if you will, the implications of one day in the not too distant future making reasonable comparisons of PLS with Exon Mobile, Shell, Total and the other giants of the energy world. That is soon to become a reality.
All in my opinion. Do your own research.
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Guy's! - as much as I enjoy reading the necessary data and...
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Last
$2.31 |
Change
-0.090(3.75%) |
Mkt cap ! $12.32B |
Open | High | Low | Value | Volume |
$2.36 | $2.38 | $2.29 | $75.65M | 32.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 484392 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 640354 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45691 | 0.805 |
3 | 48163 | 0.800 |
4 | 27012 | 0.795 |
9 | 289412 | 0.790 |
8 | 153640 | 0.785 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 83389 | 5 |
0.815 | 353422 | 3 |
0.820 | 145490 | 7 |
0.825 | 135391 | 4 |
0.830 | 82391 | 3 |
Last trade - 16.10pm 05/12/2024 (20 minute delay) ? |
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