I appreciate that the current valuation would be attractive to many large caps out there.
The thing to understand is that this isn't Chris' first rodeo. When I spoke with Ken Brinsden back when he was with PLS he told me he had enough of the stress of running a big company and was looking to take a less public facing role. Great forward a few months he confirms that he's taking the top role at PMT. From what he's said since, it was a role he couldn't refuse. Basically the geology of Quebec is amazing and nothing like they've seen in WA.
These folks know how difficult it is to find a decent 100Mt+ deposit with great mineralogy. There is no way in hell they're going to sell. They know how valuable the land is.
Going back further, I once spoke with Niel Biddle, the founding member of PLS. I asked many years ago if they would consider selling PLS to a Rio or BHP and the abbey was a "no". He then went on to say that if he sold "what else would I do".... These guys aren't necessarily in it for the money but the thrill of discovery.
I appreciate that the current valuation would be attractive to...
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Last
$1.29 |
Change
-0.015(1.15%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.27 | $636.0K | 489.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1970 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.28 |
Change
-0.015 ( 2.71 %) |
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| Open | High | Low | Volume | ||
| $1.35 | $1.35 | $1.27 | 129488 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| WR1 (ASX) Chart |