From what I am reading, there is minuscule volume available for sale at spot with few active buyers at present. Hence spot price is drifting. PDN state that only 52% of actual utilities usage has been purchased in the past 8yrs, so reserves must be dwindling down with a return to buying soon (assuming utility purchasing is 5-10yrs in advance). Everyone waiting for the inevitable Demand/ Supply thesis to play out.... Good buying at this current dip IMO. DYOR!
Spot, page-42
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Last
$10.52 |
Change
0.380(3.75%) |
Mkt cap ! $3.145B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.60 | $10.31 | $22.00M | 2.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39693 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |