yea, this is a long term play..
I used to own Oz Minerals, got in for about $2.80 or something and it always seemed to be in the red But one thing I noticed was that the mines seemed to be pretty well run and so I just forgot about it and then one day about 10 years later I noticed it had been taken out by BHP for over $10.
I reckon PLS will be similar to Oz Minerals ie a pretty good business that will probably get taken out eventually by one of the big boys. 10, 20, 50 cents down now will be nothing compared what it will be worth down the track.
The only thing that worries me is that if it gets to $2.50 or less it will get taken out for sure but at a price less than what I paid for my shares.
$2.50 at a 20% premium gets you to $3.12
Spodumene Prices, page-4491
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Last
$2.98 |
Change
-0.040(1.32%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.01 | $2.95 | $52.16M | 17.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 167 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 53875 | 10 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |