Very good points ozblue, I'm sure many have seen the scenario you outline above. Larges holders can eventually buy/sell to keep a share price where they want it. Only way out is to have such great news that the rest of the market is hungry enough to buy up anything they sell and eventually pushes the price up...or someone comes along to offer more to buy the company out. But PLS needs to be careful they don't give too much away before they have proven up the value of the resource...same old catch 22.
Time to reflect on PLS, page-16
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Last
$2.69 |
Change
-0.100(3.58%) |
Mkt cap ! $8.100B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.76 | $2.64 | $113.9M | 42.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 171620 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 87000 | 2 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |