If you know you are invested in a good company what difference does it all make.
1. If the permit goes through then the price will go up as emotion is now out of the market.
2. If the permit is delayed, even 3 months, wait for the price to drop and use the opportunity to buy more.
I would personally love to see a drop down to 6 cents so I could pick up a million shares cheap.
For good shares, either prospect is a good one. If it's not then it's a bad investment I would never touch.
The price is a piece of paper unless your a day trader. This is a 3 year share and I do not believe the hype and nonsense about a $1 in 6 months. What I do believe is that it's possibly the best investment and least long term risk of any share I have found on the ASX. I don't ask for more than that and I do believe management made mistakes and will not repeat them. The MD is the MD of PLS not the WA government.
Pilgangoora, page-51
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |