Unfortunately we are now in the hands of the shorters. With all results from the Winter campaign released and bush fires still going.
The only catalyst left in the short term is the MRE release, which is what the shorters are using as an excuse to drive the price down.
Each day, the MRE is not announced the shorters will apply more pressure citing "delays based on lies" blah blah blah.
Yes, it hurts in the short term, especially for those that bought a few weeks ago around the 1.90 mark.
The solace is that once the MRE is released, this should springboard back to where it should be IF there are no surprises.
Personally, I am thinking the we come in with 130mt with a high percentage. Or one that'll be stretched to 150mt.
For those that have powder this is the ideal opportunity to top up, since the SP is being moved by sentiment rather than facts.
Just my opinion of course.
PMT Megathread, page-798
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $299.0M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.5¢ | 47.0¢ | $1.114M | 2.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5710 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 12061 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PMT (ASX) Chart |