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
$3.20 |
Change
-0.020(0.62%) |
Mkt cap ! $9.631B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.23 | $3.18 | $79.04M | 24.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $3.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 493680 | 10 |
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| PLS (ASX) Chart |