Since hedge funds have been buying physical you'd think there will be a push soon in the spot as they are in the pump and dump business.
Deficit hasn't gone anywhere.
I would agree this 'bull' market has been quite poor. Choppy. Nothing like 2006/2007 which was amazing. Some stocks haven't even reached the highs they made in 2021 when spot was far lower. Weird.
I would argue $100 spot is not factored in. Market acting like spot will come back down to around $70-$80. Put $100 into DCF models and valuations are far higher across the board.
Will take a bit of time for buyers to come back. Maybe the real bull hasn't started yet
End of year share price prediction, page-55
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $780.0K | 7.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 98 | 6623490 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 3624853 | 28 |
View Market Depth
| Last trade - 14.59pm 06/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.000 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 10.8¢ | 10.5¢ | 1756855 | ||
| Last updated 15.09pm 06/06/2024 ? | |||||
| PEN (ASX) Chart |