Its not in the ASX200. There are many funds (and linked funds) owning PRN and I the only notice was Vanguard 24/1 which had increased their stake at a higher price. No fund has yet reported dropping the share. People are buying every sold share so its likely someone with reasonable buying power has confidence. Euroz Hartleys downgraded it 6% to 1.50 price target likely based on the Nickel fallout. The 23 report stated 11% of revenue came from Nickel mining from memory and only a small portion of that is likely to be impacted. At current price its about 4x on 2024 projected earnings. Struggling to not see this as cheap unless the 21/2 report contains something horrific but then we would expect to see funds with insider knowlege dropping it....??
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