Normally noone asks the class clown a question , but considering ya luv ma work , let me indulge myself .
so .... why are we STILLsitting at 40.8 c
Mr market has us at 41c . If you bought them at 1 or 2c , would you be happy ? I don't see anything wrong with the SP at the moment . We have a MC of around 500mill . Thats very high , all things considered .
We do have both quality and quantity in out favour . Thats why , we are holding . We have potential greatness . But , baby steps required . Lets see a successful commisioning and 2Mpta plant running smoothly . Talk of 6 , 8 or 10 size plants are utter nonsense . Don't get me started on San Francisco either . More rubbish . If we get to 4mpta , everyone's a winner . We will be satisfied and multiples of 40c applies .
I see the SP lingering in this range for the rest of the year . We have one bullet left in the DSO , which will help . However , i will be relieved when the chinese pay up the moola regarding the upfront payments . Hopefully sooner than later .
On a brighter note , im very bullish on the Tesla Model 3 . First affordable to the masses electric car that will be a game changer . Watch this space .
Disclaimer .
I am long PLS . I have my fill , and will not be averaging up , down or sideways .
Note : High five me at the $1 party to receive a free schooner *
*mention this post to receive freebie
Cheerio , gtc
PLS Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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