PLS has no cashflow problem, page-4

ASX Ann 13Dec17 advising an extra AUD50m CapEx

"Additional capital investment is expected to be funded from existing sources including project contingency, management reserve, previously raised equity capital, along with DSO product sales and product pre-payments."

AUD4.5m spend to update roads for the DSO;
AUD5.5m spend for Stage 2 development;
AUD40m spend for EPC (Engineering, Procurement and Construction) contract acceleration costs and quality control issues.

John Holmes intimated in that German Exklusiv interview in November that it was a "fairly aggressive timeline" for Pilgangoora consruction. AUD40m is being thrown at ensuring plant development meets that timeline. A lot of money to spend but a lot of money to gain.

Cash flow will not be a problem, The DSO (including an up front AUD3m payment) and reserves will cover it.

It must be nice to be able to whip out a lazy AUD40m to "git er done" ... but that they have.

AJM out with an ASX Ann today to state that they're meeting their timeline. I expect PLS will meet their timeline too ... in time.

Incidentally, PLS SP has always been about 3 times that of little brother AJM and they are currently floating around 50c. Therefore PLS will be up around $1.50 soon and those waiting around for a SP retrace before getting in, will again miss out. Same ol' story since Aug17.