Some of the key comments made by people:
As @RDL posted: multiple off-takes to be announced over next few weeks - this kicks PLS to mid-80s.
- particularly if this involves pre-payments
- secondly multi binding offtakes also de-risks sales as it is not reliant on one customer = good thing.
As @Pokerface - resource upgrade 80MT (prior) to 110MT (my guess) - future target of 120 to 150MT = revalue 15%+
- PLS already at a massive discount to GXY / GMM / NMT / ORE and also with a cash cost of production is lower than any / eg. more profitable.....
- PLS long term viability is never a Question.
- When PLS comes online ~ 200/t cash cost they drop into the bottom of the supply chart.
- PLS do not drop into the top of it because they commission later.... it is not a time thing it is a cost thing....
- Macquarie Bank is misleading... I am going to guess it is because they are not very good rather than deliberate... they have PLS cost at 600/t....
As @sinkorswim - the offtake proves beyond all doubt that demand exists and will continue to exist for PLS.
- Unless someone has gone there and spoken to this firm then... you are speculating - they clearly have the cash and capacity to pay for the product so everything else is irrelevant.
- More offtakes coming....
As @PirateBooty - higher grade means out cost of production will be lower again !
- GREAT WORK ON WEBSITE - PLS looking professional - http://www.pilbaraminerals.com.au/
- Media is getting better - still room for improvement
- Suggest you get company to put out a statement correcting blatantly wrong information from Macquarie Bank as it feeds the investors seeking to short the stock and is incorrect.
Next 4 weeks we have:
1. Jorc Upgrade - potential price impact 10% to 30%
2. More off-takes - potential price impact 20% to 30%
3. DFS - potential price impact 20% to 40%
What are the negatives to cause down moves in price in terms of news flow ???
- You thought something should have been better - well already reflected in share price.... tissues?
If you think this is on balance negative then sell... lol ... if positive hold or buy.
I hold.
Super Ninja
Imminent Resource Upgrade, page-7
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |