I wouldn't be so sure about mining CEOs knowing much more or being more accurate than not held posters.
Just look at ALB's offer for LTR near the top of the lithium bubble. Insiders often get too caught up in the hype. ALB never in their wildest dreams foresaw lithium prices where they are now and either did Tim Goyder when he said ALB's $2.50 bid was ballparks away from truly reflecting the full value of the company.
Sometimes having too much information can make you too confident with one point of view to neglect alternative scenarios. As evidenced with the above example.
Good News & Bad News, page-45852
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Last
$2.85 |
Change
-0.150(5.00%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.83 | $92.31M | 32.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46000 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 89829 | 11 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |