kizo on no news PRR is likely to keep at a stand still or head south. I hate to say it, but History repeats itself with this one. check out the last 10mths of trading it should tell u everything.
So IMO if the US market has a correction, which i believe is overdue, rest assure that majority of indexes will be dragged down with it. Reference ASX200 index, over the last 2 years, mid to late jan it pulls back significantly and then has a run mid to late feb. Yes I believe PRR will bounce back from such a pull back, BUT only once the company announces the actual listing date.
THEN, we will be at the mercy of the US investors, if they really like PRR we may be seeing those 40c - 60c predictions. If they dont we will probably trade between 18 - 24c
Just My opinion...hope i am wrong and we go to $1+ with no pull back :)
cheers to the prr faithful, page-20
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Last
31.0¢ |
Change
0.020(6.90%) |
Mkt cap ! $450.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 29.0¢ | $1.805M | 5.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 193400 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 1000 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |