To those who purchased below 50c on Friday, congratulations. I thought about it but it would have meant selling other stocks at a loss and I erred on the side of caution.
At the end of the day the capping/selling has to end and the buyers take control.
The closer PLS gets to an offtake the higher the probability of an announcement. The risk of selling higher to get back lower becomes too much of a risk of missing the boat.
The offtake announcement isn't just any announcement. It's company changing. Especially if the offtake includes some finance assistance to make up the shortfall in the mine plant cost.
While one may surmise that the DFS will come before the offtake, it may not be necessary if the buyers are keen to sign a deal.
July is but 3 days away.
PLS Case Study, page-51
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 321604 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 269930 | 12 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |