Hi everyone, I've just seen the new Macquarrie Bank report on PLS. Talk about being incorrect.
They value us at a 12 month target of 40c.
They base this on a long mine life of 2Mt/a.
I haven't read all of the report, but despite the company stating we are going to 4Mt/a in a short period of time, MacQ are sticking to the non-fact for their study that we will only have a 2Mt/a plant for the life of mine.
So the only way they can now get a low valuation for us is by changing FACTS from the company itself about moving to 4Mt/a and no doubt in my mind going to 6-8Mt/a within 7-10 years.
TOTAL and UTTER GARBAGE!!
New Macquarrie projection
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |