I hold both PLS & AJM & choose not to take up the CR.
The way I see it the CR is for the company raising funds for mining & also for attracting more investment into the existing share barrel.
The dilution of the share price came at no surprise it was going to happen & was expected.... Same as has been mentioned with the last BOA with PLS with General Lithium ie .50 c discounted share price.
A retrace was on the cards as soon as that was announced!
Not hard to work it out.
It's why the share price is so volatile with Brexit in the witches brew not helping either.
We can all speculate & have different views on Management & their decisions in the end the lithium train is steaming ahead.... It's not stopping at any stations it might slow a little around the turns & dips but it's climbing.
Believers are hanging tight in their seats & only the unbelievers are flying out... Enjoy the ride
Nice Move!, page-63
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 321604 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 269930 | 12 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |