I'm trying to understand in my head the price action over the last couple of weeks. Short volume increasing exponentially, price falling along with it - they've been doing a damn good job driving it down..
My conclusion is they are driving it down to buy in lower as they know where this will be in a couple of years.. I've said this before that the total traded volume of PLS in one day is peanuts for the big institutions. I've seen them dump over 1 million shares on banking stocks in just one morning or afternoon trade (a 30+ million dollar trade). PLS usually trades a few million dollars of value every day.. so realistically then can push this around as much as they want to.
In twelve months time assuming all goes to plan PLS will be mining and ramping up to 2MTPA with projected earnings soon after at 100+ million per year. This would give us a valuation of roughly 1.5 billion with these earnings - a 200% increase from our current 500 mil.
Those who are patient will win this game.
- Forums
- ASX - By Stock
- PLS
- What will March Bring ?
What will March Bring ?, page-305
-
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B |
Open | High | Low | Value | Volume |
$2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 716181 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 235000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13455 | 2.960 |
1 | 338 | 2.950 |
5 | 74501 | 2.940 |
5 | 20445 | 2.930 |
9 | 100440 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 39749 | 3 |
3.000 | 90073 | 11 |
3.010 | 93481 | 5 |
3.020 | 125136 | 14 |
3.030 | 53015 | 6 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online