Today is ASX rebalancing day so I wonder if the 25% price decline the day before was deliberate?
Agree SP is stabilising unless there are more shorters lining themselves up…..
PGE prices are in the toilet at the moment. It wasn’t very long ago Pd was US$3,000 per troy ounce. Its more than likely Pd will rebound to that price and probably go higher because it is a critical metal.
The SS is quite conservative despite the the overly optimistic PGE price assumptions. They remain realistic in my opinion because the Gonneville Pd deposit is quite nothing like it elsewhere in the world. It’s probably the largest deposit. Remember they’re still finding more of it as they keep on drilling like there is no end in sight. Quite remarkable.
All in my opinion only and not investment advice. I could be wrong. Good luck to all holders.
Today is ASX rebalancing day so I wonder if the 25% price...
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Last
$1.63 |
Change
0.090(5.84%) |
Mkt cap ! $639.9M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.68 | $1.56 | $5.258M | 3.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1741 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 4361 | 5 |
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| Last trade - 12.56pm 14/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |