PLS 0.34% $2.99 pilbara minerals limited

todays chart, page-2

  1. 327 Posts.
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    Charts look good, but the thing you're missing here is how the cap raising will affect the run.
    If the raise is at 38c as per rumored then at 50c the instant return is 31.6% which for some 'investors' is a perfectly acceptable short-term return.
    With average daily volume of 6.67mill since the beginning of March and over 210mill shares coming on to the register soon (assuming 80mill raised at 38c and excluding a SPP) it will all depend on the motives of those that are subscribing to the placement that will dictate where it goes from here IMO. Fingers crossed we have some long-term holders coming on...
 
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Mkt cap ! $9.000B
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$2.93 $3.01 $2.89 $104.7M 35.12M

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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
PLS (ASX) Chart
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