Bad luck to Altura. Hopefully they get something back, bright side is they have a working plant with customers and a low cost base. Too much debt unfortunately.
It really highlights the moves Ken has made. The placement with CATL as well as the refinancing were key moves. Equity raising with POSCO at $0.97 another solid move.
Plenty of people bad mouthing him along the way, but take a good look around, Nemaska, A40 and now Altura all suffered from mismanagement.
I don't think PLS picking up AJM is an option. Resource is big enough on our side of the fence to keep us going for decades. No need.
Spod market to rebound from here. PLS shipments to increase dramatically I would assume. We might even see MIN fire things up.
Bad luck to Altura. Hopefully they get something back, bright...
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Last
$4.17 |
Change
-0.020(0.48%) |
Mkt cap ! $12.55B | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.23 | $4.13 | $71.64M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 197923 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.17 | 49336 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
-0.020 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| $4.21 | $4.23 | $4.13 | 4057040 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| PLS (ASX) Chart |