Post by
wm23four on Jul 09, 2024 11:27am
PRB current share price decline
Hopeful. What I heard is that current nosedive in share pirce relates to a fund that is facing steep redemptions. Hence the huge selling pressure recently. (not Charity FT related) PRB is trying as best they can to help place shares in good hands. Its a firesale for those who can average down. Appears that funds/instituions sure arent beating the doors down to take advantage of these low prices, the past few days anyway. Who knows, for all we know maybe they have been taking adavantage and sp would have nosedived much further without thier stepping up? I just hope that when redemption selling subsides that the sp recovers. I am waiting it out.
Comment by
JuniorMiner2014 on Jul 09, 2024 11:48am
Thanks for that. Nice to see it positive today. Hope the majority of the selling is over, onward and upward.