You are right. While PLS usually runs a very tight ship, there is always some SP movement/excitement before an ann. I would have thought that Ken would drop it Mon. Since SP has not moved we could assume:
1. Some hold up and despite expectations aired just a couple of weeks ago, deal not signed yet. That should normally cause a negative reaction. Since there was little such reaction, did the negative due to delay outbalance the positives?
2. Ann ready to be dropped Mon am, but not considered super exciting, hence little pre-anticipation move.
3, Zero leaks and market totally in the dark.
IMO, 3 unlikely. Neither 1 or 2 would indicate a drop after ann. Thus, IMO, next few days may offer yet another period where you can buy PLS shares on the cheap with little downside risk, but the chance of a potential nice jump if you get in before the ann, and before the shorters will let it run because, IMO, some time within the next 3-6 months, they will run out of feedstock for their scaremongering and spreading of doomsday scenarios. PLS is a rock solid up and coming miner with less startup problems than any reasonable person could have imagined. After all, we are close to target.
The world needs BG Li, and if a big chunk of quality Li does not - profitably - come from PLS, where from then?
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8 | 43622 | 2.820 |
21 | 318826 | 2.810 |
39 | 410288 | 2.800 |
11 | 240462 | 2.790 |
Price($) | Vol. | No. |
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2.850 | 129885 | 1 |
2.860 | 58146 | 7 |
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