Anyone holding a short position on this stock 'post' midday on Friday has got rocks in their heads. We are so close to an announcement that leaving yourself open over the weekend is a very risky option to take.
All arrows point towards a positive announcement very very soon, opening the flood gates on the SP.
We are many months off production but SP should hold up well enough until then
The spectre of a take over will always be present once mining approval is granted.
I believe punters will be far more reluctant to relinquish holdings because of this possibility, and the chance to clean up. Personally, I am mostly long
on PLS , and hope a take over doesn't succeed. There is far more value long term for me if it stays in current hands. Stocks with these fundamentals don't turn up every day. I urge you guys to stay the course.
All imho.
Trading, page-548
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.87 | $2.78 | $46.76M | 16.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2708 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 123365 | 7 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |