Nice summary of the story.
Who would sell after reading that? Maybe people who bought at 2c years ago?
Anyway there's no point in trying to analyze the irrational. The rational money is on PSC as an undervalued buy. Whether you by at 5-6c something in the grand scheme of fundamental project valuation principles is not important, what is important is you are locking in a 100% gain imo. Hunter value this at 14c in their conservative scenario. This comes at a time when most other lithium stocks are near all time highs. So PSC is truly undervalued. Having said all that there are a few things to consider; is Sino happy, does Favric have access to money, is the process design costed, is PSC comfortable to be a producer and not an explorer - very different mind sets. IMO.
Nice summary of the story. Who would sell after reading that?...
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $62.22M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.0¢ | $48.08K | 384.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 4761 | 1 |
View Market Depth
| Last trade - 15.54pm 11/07/2024 (20 minute delay) ? |
| PSC (ASX) Chart |