it's pretty obvious why your Revenue Vs Share price chart isn't making sense. Very low prices destroy the oversupply narrative as mines won't operate at a loss even if there's unlimited demand at that loss making price. So either, prices go up a lot or supply will not be more than demand as some point in the near future and then price will rise without a supply response that's fast enough to meet it.
Think coal going to $400+ after a total collapse in that market and everyone thinking coal was dead.
it's pretty obvious why your Revenue Vs Share price chart...
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |