The companies MC pulled back today by $319 mill - Retrace of 11 cents from today's $2.43 high. To me, it appears the index ETF's and managed funds are buying their positions in accordance with their ASX 100 allocations. Of course, the opposite applies when they need to trim, and I agree, this puppy is ahead of itself, but running ahead is not unusual these days, like the tech stocks.
The company has proven it can extract SC in volume and on spec, recoveries are better than decent, spod in the ground needs to valued, company is 100% owned, is expanding core product production to pursue a number of downstream initiatives, and given its 100% owned, its a take over target.
AIMO, DYOR
PLS Price at posting:
$2.41 Sentiment: Hold Disclosure: Held
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