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$3.22 pilbara minerals limited

PLS currently struggling in its challenge to the Big Australian...

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06/03/24

12:13

Post #: 72770255
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Originally posted by kennethgalbraith: ↑

Not an easy thing to know what they think is fair value. I guess it would depend on what price the shorters sold their stock.
Most businesses aim at getting about a 20% return.
Probably half of the shorts were sold @ $4.50 - $5.00 range before September 2023 and few million recently. Most of the other half (300m shares) @ $4.50-$3.75.
If shorters sold between $5 and $3.75, my guess is that they would probably be buying back between $4 and $3 (not including holding costs)
So half of shorters that bought about $5 must be close to their target and could start covering today. The other half who sold at $3.75 could probably break even @ todays prices.
thing is GS has a $2.90 so they will probably hold on to their positions till we get to $3

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PLS currently struggling in its challenge to the Big Australian Banks ?
Hopefully just a brief short attack on PLS
(By foreign not Australian forces) ??

Once lithium hits the accelerator (if it does) it could be different ?
Are EV resources still the promised future wonder child ?

TA changing to "Buy" when the Green Worm turns again ?
If and when it does.

DEFINITELY NOT ADVICE ... DYOR

Last edited by Recherche: 06/03/24

PLS Price at posting: $4.00 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $3.22		Change -0.040(1.23%)		Mkt cap ! $9.691B

Open	High	Low	Value	Volume
$3.24	$3.25	$3.19	$57.57M	17.90M

Buyers (Bids)

No.	Vol.	Price($)
11	120600	$3.22

Sellers (Offers)

Price($)	Vol.	No.
$3.23	135477	7

View Market Depth

No.	Vol.	Price($)
11	120600	3.220
13	654864	3.210
38	399586	3.200
20	261111	3.190
24	89451	3.180

Price($)	Vol.	No.
3.230	16909	5
3.240	166236	11
3.250	156436	9
3.260	117018	4
3.270	72602	4

Last trade - 16.10pm 19/06/2024 (20 minute delay)

PLS (ASX) Chart

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