My attack was aimed at this character, so I will post where it belongs:
The market is not smart at all.
PDN closed down the mine because they don’t expect the price to go much above $45 this year, NOT because they are not expecting the spot price to increase at all. How silly are you? They will probably not re-open until the spot price is above $45 for a considerable period of time, so it makes sense to shut it down in case this does not happen soon.
The current price of 50 cents would be justified if the spot price was heading to $25 in 6 months. I can easily see a scenario where the spot price is $45 in 6months and then we will see how smart the market is then, OK?
Then there will be no choice but for the price of PDN to easily double and then some from this silly level of 50 cents.
- Forums
- ASX - By Stock
- PDN
- to shorters
to shorters, page-12
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.36 |
Change
-0.160(1.28%) |
Mkt cap ! $3.680B |
Open | High | Low | Value | Volume |
$12.47 | $12.49 | $12.27 | $4.487M | 362.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1121 | $12.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.36 | 4124 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 5192 | 12.350 |
9 | 2842 | 12.340 |
14 | 5542 | 12.330 |
10 | 8862 | 12.320 |
5 | 1732 | 12.310 |
Price($) | Vol. | No. |
---|---|---|
12.360 | 854 | 4 |
12.370 | 4598 | 13 |
12.380 | 3985 | 13 |
12.390 | 5789 | 14 |
12.400 | 5219 | 12 |
Last trade - 11.12am 02/07/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online