Turn it up!
Comparing explorers potential upside with that of a profitable producer in operation is like comparing Google with an AI start up - just a nonsense comparison. I disagree with everything in your post from the circa $2 "long term settle" forecast to the "few years in the wilderness" remark to the implied advice to sell low and look elsewhere. A contrarian like myself would argue that now is precisely the time to be accumulating (as I have been) and circa $2.70 is where I will be getting most excited in anticipation of a turnaround (when many of the macro factors informing sentiment turn). When will that occur? I'll leave that to the 4.65s @akgo01 of this world who treat the stock market like a roulette wheel (i.e. if its been black a few times in a row it must be red now). A turnaround will be sharp and fast given the extent of shorts - that is for sure!!
GLTAH
PLS chart, page-22634
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Last
$2.58 |
Change
0.000(0.00%) |
Mkt cap ! $7.769B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15582 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 36624 | 2 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |