Just looking at the basic chart comparison with DNDN over the years, it is obvious that PRR&DNDN have followed very similar patterns except for the odd individual defining announcement. So I would agree that without such announcements PRR is likely to drift with the prevailing sentiment.
The results you mention nuts, as much as the listing (expected in weeks not months) will determine the sp fate. This 20cent mark stands as a strong reference point over the longer term and whilst we have seen a marked spike&retreat in the last week or so (which parallels DNDN to some extent), it is likely that support will hold.
Further my thoughts are that just as PRR moved in Dec 2009 based on the Deutsche Bank presentation, the initiated Nasdaq process and a strong BUY recommendation by a "Small cap" invest mag, I suspect that the links with DNDN will again be severed when we list and based on results.
PRR is set to stand or fail based on merit, I reckon.
Just looking at the basic chart comparison with DNDN over the...
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Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.0¢ | $833.4K | 2.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 388130 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 39940 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |