A lazy balance sheet in a high inflation environment is not a great investment / business strategy.
The cash needs to at the bare minimum beat inflation or you are going backwards.
I actually sold down 20% of my LTH today.
Its part of the reason I have not posted a chart.
It will play out one of 2 ways:
1. Im wrong and the other 80% continues to make money
2. I can re buy lower and start a new 12 month CGT investment and bank the difference, tax is due late 2023 at the earliest so can do another cycle.
3. Place my coin elsewhere for a better return (if my choice of investment can beat PLS SP return).
GLTAH
Dale’s Rockstock interview, page-18
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |