Hi Waterblunt
I had been looking to exit PLS if the price was right, say >80c but the reality is that I am now firmly of the opinion that the real rewards from PLS will come from first production in 2018.
There is a clear history of the real value of mining stocks only being achieved when actually in production. That of course doesn't rule out improvement in the SP from the company completing further offtake deals, addiional DSO deals obtaining finance etc etc.
It's been a three year journey but pretty confident real value will be obtained by remaining patient. The likely upside in the SP has made that an easy decision for me to make.
Cheers W2
PLS - April chart update., page-450
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Last
$3.27 |
Change
0.110(3.48%) |
Mkt cap ! $9.846B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.30 | $3.21 | $93.46M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29000 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |