I agree that the african discount plus incomplete permitting probably put a ceiling on the PDI share price, the price of gold and the number of ounces of gold in the ground is being ignored by the market as without a granted exploitation permit the market ignores ounces at any price as irrelevant.
Of course PRU have made their own judgement call that these ounces in tthe ground have a reasonable chance of economic extraction and are worth putting their foot on the project at todays gold price.
Given PRU are an experienced African gold developer and miner I would back their judgement call, as opposed to the "mr market".
I agree that the african discount plus incomplete permitting...
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Last
27.5¢ |
Change
-0.010(3.51%) |
Mkt cap ! $646.4M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.8¢ | 27.0¢ | $35.14K | 128.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 90230 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 217632 | 18 |
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| Last trade - 10.42am 27/09/2024 (20 minute delay) ? |
| PDI (ASX) Chart |