I definitely agree with sentiment priced in, however I think timeframes are likely the biggest killer and we're gonna be here for a while longer.
There's a solid chance this could fall into the 30's, it should spur on a bit of buying power as the short positions close. However we are looking at a while before the plant is recovering higher, drilling campaign finding good hits and BP33 FID released.
Personally I think if PLS's history is something to go buy, it could be a good position to get in the 30's and ride the long wave up, but there is no pressure to push it forward until the cap raise is over.
I'm hopful to pick up more below the CR, I still think there's long term potential if resources can be shored up, plant doing it's thing properly but until then it's looking pretty bruised.
Still hopeful, not every day an opportunity like this presents itself but there's still significant risk.
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