You beat me to starting this thread and thank you but I think you have been quite pessimistic.
Does anyone recall the fella who started the $1.00 thread for IOU I think it was? He copped a hammering for that thread if I recall correctly. It didn't quite get to $1.00 but $0.85 wasn't far off and it hasn't finished either. IOU was $0.04 on August 1st 2020, nobody expected it to hit $0.85 on the 18th of Feb 2021 less than 7 months later. Can PIL do the same? Current money and volume coming in is as good an indicator as anything, the tree shake has happened, day traders will dry out as the volatility subsides. Even if PIL does a quarter of what IOU has done this is a big win. Expect big institutional investors to get onto this at about the $0.10-$0.15 mark with big parcels, knowing they will get their safe 10-20% gain from that level.![]()
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Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $16.97M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $30.13K | 3.766M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 11648716 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2758981 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 11648716 | 0.007 |
23 | 15176992 | 0.006 |
19 | 13632589 | 0.005 |
10 | 8200000 | 0.004 |
6 | 7833669 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2758981 | 8 |
0.009 | 5936185 | 9 |
0.010 | 7308333 | 11 |
0.011 | 6950645 | 13 |
0.012 | 8883256 | 9 |
Last trade - 13.01pm 19/08/2024 (20 minute delay) ? |
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PIL (ASX) Chart |