Sorry but that is stupid.
They placed shares at $1.50, SP was then over $1.75.... SP traced back to $1.45, but now is back to $1.55 to $1.60 due to the fundamentals of the company and the gold price reaching record highs.
Brokers are already valuing this at $4, why wouldn't we buy now?
Your logic is majorly flawed and this looks like a lame attempt at downramping to me.
no point in buying this share please see below, page-2
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Last
$2.41 |
Change
0.080(3.43%) |
Mkt cap ! $3.315B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.42 | $2.35 | $7.956M | 3.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 67667 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 68938 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PRU (ASX) Chart |