RE: Overhang28 Oct 2021 19:33
We don’t know if they are new buyers, it’s just my opinion based on the fact that the longs have had plenty of time to average down at the lows and the fact that recent PR and news has got PPC and Atome out to a new audience.
The 90 + million shares dumped at around 1.3 has to be the reason for the overhang as good profits can be banked by the holders at this level?
Atome are doing a small raise on IPO to take it to FID. when they get there it will be dilution time to fund the projects costs after any available grants.
PPC Is undervalued based on its history and given a cut off date for free Atome shares should the spin off go ahead should lead to considerable buying strength IMO
The majors don’t have a monopoly on the worlds trade, the small and nimble can move quickly and secure a deal, if it’s good enough the majors will no doubt swallow it up later?
I can’t educate you to if it’s decent, you have to do your own research and make a decision.