The real.question is, would share price have depreciated to triple bottom if Euroz wasmt dumping.
If memory serves they got in at 1 cent with 500 mill allocation, and dumping at a premium to that. A recent post confirmed they still had around 350mill.
if Euoz was out of the equation, with 16 x 500 mill = 8bill shares on offer, we are doing pretty dam awesome and, with approx 95% of PCL holding tight. 8 bill ÷ 35 mill = 4.55%, sentiment clear
My view only, Euroz selling to recover a chunk of entry cost and showing strong returns for its investors, with no bias to the PCL story.
Absolutely, 'if' and when announcement drops re crazy levels of oil and or news confirming WOODSIDE IS COMING TO THE PARTY, then its GAME ON, and i expect Euroz will still have a big chunk of their holdings.
Whilst we await news, the more dumps they do, the better IMO. Wish we could get rid of them all together lol
After 20 years on stocks, my inexperienced advice:
1. Believe in your due diligence,
2. Take a position your comfortable with
3. Ignore the noise (Avoid panic selling if the story has not changed)
investers who go long make huge returns when compared to day traders
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $138.2M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.6¢ | $44.36K | 2.755M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 846381 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 4354241 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 846381 | 0.016 |
12 | 7761523 | 0.015 |
12 | 9568039 | 0.014 |
16 | 5774230 | 0.013 |
8 | 5891666 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 4354241 | 7 |
0.018 | 4831406 | 5 |
0.019 | 3187631 | 5 |
0.020 | 4197224 | 8 |
0.021 | 1650000 | 4 |
Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
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PCL (ASX) Chart |