By the way, Thunder54, I don't agree with your views that the market will go into oversupply in the next 12-18 months because the research points to ongoing shortages for at least the next 5 years, even with new production coming on stream. In any case, PLS will be a low cost producer and as I pointed out in my last response, the ATLAS comparison is very dangerous. ATLAS was excessively leveraged (half a billion dollars of outstanding loans) which meant substantial interest/financing costs, which is fixed and needs to be serviced & repaid regardless of the company's trading position and state of the market (iron ore in their case). PLS has no debt and is unlikely to have much or any significant outstanding debt at the commencement of production. It won't have the same interest cost/financing burden as ATLAS.
Anyone tell me what just happened?, page-63
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |