True.
We should remember that PLS was an explorer and was speculated by traders/holders and so no different to what is happening to the start ups that are at different stages in their life.
PLS is now maturing in business and share price and the punters will look to play the penny stocks hoping to land on a multibagger as I’d say many here did with PLS.
The EV boom and demand for mineral supply is ongoing and seems to have that euphoric gold rush feeling that would have been felt in Eastern Australia and California many years ago.
Imo, PLS is a good company to have in your super as a long term mature company that should increase in price and eventually produce dividends while some of the juniors are good for a punt and may reach maturity in the future with one in the north coming online at the end of the year if all goes well.
Hopefully, Ken Brinsdens replacement will keep PLS maturing to become a successful single product miner like FMG ( look how well they have done ) with value add ons to give higher margins.
Well done PLS.
T.
PLS Price at posting:
$3.20 Sentiment: Hold Disclosure: Held
(20min delay)