PLS 3.34% $2.89 pilbara minerals limited

Hi Anne - I am a little concerned that as a producer the GXY...

  1. 195 Posts.
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    Hi Anne - I am a little concerned that as a producer the GXY price is exactly where it was Feb 2017 (when I sold) and hoping that PLS will not follow suit as a producer. It must be noted that the GXY share price has not risen from 0.59 to $2.93. Rather, this price change was primarily due to the consolidation which occurred on 22 May 2017. To achieve a true comparison of how well GXY has done would be to divide the current share price by 5 (consolidation was 5 shares to 1). Dividing current share price of $2.93 by 5, gives 0.586 per share. Am I missing something as to how has it been a money spinner given it translates to around the same price as your initial average?
 
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