Good post Gothechooks. I think PLS is undervalued, but unfortunately, the bears in the market are having their way for the moment. PLS often has large percentage +5% of the stock shorted and as you stated the general slump and Optimum Nano troubles aren't helping.
Although, it's a while away, I'm looking forward to seeing the quarterly report on 25/10/18. Hopefully, the cashflow reported in that will see other investors recognize that PLA has a genuine stream of income (or should I say river?) and that PLS is profitable investment. Of course, I'd like to see the rise in share price start before that, but at the moment it has been harder to move than cream a week past its use by date.
P.S. $1.15 is still undervalued in my calculations, but at least it's above where we are now.
CS commence coverage on Lith and PLS., page-36
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |