I agree with you that if it can break and hold 40C it should go higher but I think it needs a catalyst to do that.
What the company needs to demonstrate is that it has achieved the stage 1 nameplate annual production of 330,000 dmt, they did it at a low cost and they were able to sell it all to their partners at a reasonable price.
Then if they can come up with a valid plan to fund stage 2 the share price will react accordingly.
If they can't achieve those 4 things then the share price will eventually decline to a level that reflects the companies situation.
PLS chart, page-216
-
- There are more pages in this discussion • 22,718 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.91 |
Change
-0.090(3.00%) |
Mkt cap ! $8.761B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $2.99 | $2.90 | $69.17M | 23.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68954 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 1712 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |