PLS shorts seriously exposed right now just have a look at the updated KDR on shortman now showing the massive cover on the T/O news
PLS short position actually increased slightly into that rally so either they are taking a massive gamble or they believe they will be able to cover through equity
10% is a bucket load of PLS that will have to be bought back
Good week for PLS steady as she goes.. approaching the 1.5B MC (0.82 sp)
Now that we have the 'for sale' sign up, I'm looking for a deal that values PLS see through at approx 2B MC which I think would be fair and allows PLS to go all the way without equity.. this would be Armageddon for shorts
getting to the pointy end now
US markets did not capitulate even with the trade war hysterics so sets up well unless we get bad news over the weekend from Trump or China
GLTAH
PLS vs KDR, page-94
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Last
$2.92 |
Change
0.070(2.46%) |
Mkt cap ! $8.793B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.97 | $2.87 | $100.5M | 34.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 490422 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 56326 | 3 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |