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clock Created with Sketch. 11/09/19
19:00
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Originally posted by Andyrooo:
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The PLS SP should be somewhere in the 50c region. We hit 88c just over 5 months ago. Then low recovery rates became knowledge, in turn higher costs and then hiatus for plant rectification works and then supply surpluses hit. We were in the 60c region as lower Spod prices hit ... and then speculation about a CR raised its ugly head and we got hammered. Down, down, down to hit 31.5c.for the JV .(looking for validation anyone?)
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Feel blessed you bought at that price and not like this sucker at 80c back at the start of 2018. We went up to the 1.20s then downward spiral every since. Clinging onto this stock when it went to the 70s 60s and 50s instead of using a proper stop loss because i did the worse thing which was fall for a stock emotionally like I see alot of people still are. I was committed to staying long term and always believed it was a temporary downturn and would surge back up until I had to accept my loss and disconnect from this stock in the low 50s for a massive loss. Looking at it now it was the best thing i had done otherwise I would be still here in the 30s or worse if they couldnt get the cr done. The quote is "Learn from your mistakes" and I certainly did.
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