In theory on paper it all sounds fair and reasonable however every company behaves differently and imo it all depends on the wider market at the time...including timing and a bit of luck too.
Look at the DEG chart since Hemi discovery, you won't find an orphan period.
When a stock is hot, it is HOT and sometimes it can keep getting propelled in a bullish market. Depending on the future gold price and wider market conditions there is no reason why the same can't happen to PDI. I am not saying to that scale, but it is genuinely possible. If a few large entities get involved in a bull market for gold then a snow ball effect is on the cards.
I believe a 30c SP is not far away, considering we are below what share price we were at a year ago at similar gold prices and before all these new discoveries and extensions of strike and consistent grades. All imo but no way am i selling out in fear of an orphan period for PDI lol
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $445.9M |
Open | High | Low | Value | Volume |
19.5¢ | 19.5¢ | 18.8¢ | $168.1K | 880.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99963 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 41890 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99963 | 0.190 |
3 | 440000 | 0.185 |
14 | 629900 | 0.180 |
3 | 566040 | 0.175 |
3 | 350000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 41890 | 2 |
0.200 | 609763 | 4 |
0.205 | 300784 | 5 |
0.210 | 737018 | 11 |
0.215 | 340000 | 2 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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