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28.0¢ hastings technology metals ltd

Food for thought: PLS in early 2020, page-4

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LadyMoney

284 Posts.

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27/07/23

10:24

Post #: 69008089
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With PLS in mind:
- what will change HAS's trajectory?

- What will be roughly the lowest point? Will HAS freefall to 25c?

Originally posted by simonj888: ↑

I know that the severe decline in SP has been rattling a lot of HAS holders. It's definitely been a rough 12 months.

That said, I think that it would be good for people to reflect on where PLS was in early 2020. In Jan of 2018 the PLS SP was at an ATH of $1.11. Fast forward to April of 2020 and the SP was down at 15c.

Everyone was slamming management and the death of PLS was rapidly approaching.

A lot of people would have sold at serious losses. They're no doubt kicking themselves now.

PLS, just like HAS will, survived and then thrived because the government wanted it to succeed. Some people seem to think government support as a result of national economic policy and planning is a bad thing. But just like trust fund babies who inherit millions and never have to work to be wealthy, the corporate world also has its equivalent of trust fund babies who "inherit" government support be it regulatory or financial. The real world isn't a meritocracy.

I'm heavily invested in HAS so I am definitely biased. But if you look back at old PLS HC threads you can see that it was where we are now and the doom and gloom peddlers were running rife.

https://hotcopper.com.au/threads/ann-december-2019-half-year-financial-results.5238259/

Whilst I'm loving this opportunity to accumulate HAS, this is obviously not financial advice but an invitation to look at the wider picture and make your decisions from there

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HAS Price at posting: $1.26 Sentiment: None Disclosure: Held
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(20min delay)
Last 28.0¢		Change 0.005(1.82%)		Mkt cap ! $50.63M

Open	High	Low	Value	Volume
28.0¢	28.0¢	27.5¢	$19.85K	71.28K

Buyers (Bids)

No.	Vol.	Price($)
5	24173	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	31964	2

View Market Depth

No.	Vol.	Price($)
5	24173	0.270
8	152312	0.265
12	459227	0.260
2	21000	0.255
8	105000	0.250

Price($)	Vol.	No.
0.290	1745	1
0.300	20000	1
0.310	35000	1
0.315	2542	1
0.340	21485	2

Last trade - 15.43pm 27/09/2024 (20 minute delay)

HAS (ASX) Chart

Food for thought: PLS in early 2020, page-4

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Food for thought: PLS in early 2020, page-4

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