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10/05/21
17:43
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Originally posted by dossantd:
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I know its been said many times but when you look at the likes of PLS and others that just keep rising and we are at 16 cents, you have to scratch your head, it feels something fundamentally flawed! Given we were 37 cents only a few years ago with just 4 x drill holes yet here we stand in May 2021 with the full backing of the DRC Govt along with 400Mt DFS and we are at 16 cents. Gee the re-rate is going to be spectacular!!!!
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You need to keep in mind SOI - shares on issue. You are talking SP when you should be talking market cap. Back then there was 1.788bn shares on issue approx, now it’s 2.906bn. Approx. When the company was 23c recently it was already trading at a higher MC. Thats why any shares issued at low prices can kill the long term holders.