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-22640
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 (20min delay)
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Last
$2.82 |
Change
0.025(0.90%) |
Mkt cap ! $8.352B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.83 | $2.77 | $21.28M | 7.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 148778 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 376601 | 43 |
View Market Depth
| Last trade - 11.55am 31/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |