Too true Hoots but if you very briefly put charts to one side for a just a moment and make a good review of the fundamentals of this project, it does provide a great buying opportunity for the investor willing to wait say 6 to 9 months. By then the mine is operating at a capacity where it is throwing off lots of cash and the orphan phase is well behind us. A rerate of the SP is very likely if the selling price holds at current levels. I do think that a SP increase of 50% is possible/likely when the project is around 85% of name plate capacity. Just my view anyway.
Love your work mate and enjoy/appreciate your insights on charting. You are correct more times than I can count.
Chrs W2
Madmacs - PLS Chart Legend Tribute Month !, page-668
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |