I have difficulty understanding why anyone is selling right now.
- We are on the cusp of beginning production and that is usually good for miners
- the mathematics of production outcomes points to quite good future profits
- So called 'respectable' houses are urging 'sell' when it is clearly not a sell. There has to be a reason for this which supports the theory that they are looking for cheap buying. It is easy to call for a sell when the SP has made a recent run, but sometimes there is good reason for that run
However I look at it, the risks of selling now far outweigh the risks of buying now (or holding). Why would you dump just before what is usually the most profitable time to be in a mining company.
Meanwhile, at the Foolery...., page-49
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |