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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In theory on paper it all sounds fair and reasonable however...
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Last
24.8¢ |
Change
0.003(1.02%) |
Mkt cap ! $587.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.5¢ | 24.3¢ | $682.4K | 2.769M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 191665 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 116052 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 191665 | 0.245 |
17 | 844040 | 0.240 |
7 | 405220 | 0.235 |
9 | 467528 | 0.230 |
12 | 1028614 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 116052 | 15 |
0.255 | 130213 | 5 |
0.260 | 274275 | 5 |
0.265 | 104275 | 3 |
0.270 | 175138 | 5 |
Last trade - 14.55pm 04/10/2024 (20 minute delay) ? |
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