Because you have probably never built a 14bil company. Neither has anyone else here.
If PMT is as big as it looks like it is, and they can get the thing mined in the next 5 - 8 years it will be a Greenbushes like mine right next to the car manufacturing hub of the world.
Would you have all bought Greenbushes for $2,$3 or even $5bil?
No such thing as an efficient market. Never has been, never will be.
Best you all stop living in fantasy land. Bot's aren't going anywhere. You probably aren't aware, but you probably all invest in things that use bots. ETF's, Super funds, share trading services that offer "best available" or "VWAP'. Hell even my interactive brokers account give me the ability to execute orders with an algo.
Get over it. Things will be priced where they should be priced in the medium to long run.
Good News & Bad News, page-30693
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Last
$4.05 |
Change
-0.090(2.17%) |
Mkt cap ! $12.20B | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.13 | $4.03 | $24.52M | 6.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 104457 | $4.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.05 | 34637 | 7 |
View Market Depth
| Last trade - 11.42am 13/05/2024 (20 minute delay) ? |
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Last
$4.04 |
Change
-0.090 ( 2.07 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.13 | $4.03 | 1441709 | ||
| Last updated 12.01pm 13/05/2024 ? | |||||
| PLS (ASX) Chart |