Exactly. Shareholders who are not thinking like Financial Advisors with regards to this stock are completely missing the point. The majority of money entering these funds would be from institutions or Financial Advisors Just think >> How do I sell Platinum to my clients? and then you will get the answer.
New client money is either being allocated elsewhere, or existing client money is being withdrawn to be reinvested in "better / cheaper" options.
I really liked the PTM team in the distant past. So I'm sad to see this outcome. And it's going to get worse, before it gets better.
My guess is that the low point will be around $0.88 or $0.50 based on the retracement from the last high peak of $2.30 on 21/2/23.
Exactly. Shareholders who are not thinking like Financial...
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Last
$1.03 |
Change
0.020(1.99%) |
Mkt cap ! $596.7M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | 99.0¢ | $2.003M | 1.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96705 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 27412 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PTM (ASX) Chart |