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Liked your post but would still like a merged company...

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nexus451

253 Posts.

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07/10/21

13:06

Post #: 56631382
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Originally posted by Serpentis: ↑

PLS has posted several great announcements recently. Amazing auction results, big resource upgrade, commissioning up their new plant... but they're still down 25% from the peak a couple months ago. ORE is down 20% from that peak. So I don't know why you think news flow is some magical solution, it certainly didn't work for them.

Seriously, look at the 6 month chart on the mining sector: https://www.marketindex.com.au/asx/xmm it's been in steep decline since early August, exactly the same pattern as the lithium sector and ORE. It has nothing to do with news or announcements or bored retail investors, this is big money shuffling around in response to the worsening global macroeconomic environment.

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Liked your post but would still like a merged company announcement /update on SDV.

ORE Price at posting: $8.32 Sentiment: Hold Disclosure: Held
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0 Great analysis

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