Quote - "Usually "the market" looks 12 to 18 months ahead - hence I am a little perplexed as to why this stock has not been rerated"
I suspect we are still seeing quite a few retail holders selling. Many are underwater from the last few months activities and fearful of the future (not sure why!!). While reasonable quantities can be picked up cheaply there is no need for a re-rate. The re-rate will happen but all in due course.
Ann: Pilbaras Pilgangoora Development Approved, page-15
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |