For me there was nothing really interesting in the PLS ann. The ship was always gonna show up sooner or later and the grade was mostly known already, always good with confirmation though, but where is the pricing? Personally I prefer one ann after loading including all the goodies.
Also, there has never been any doubt about PLS offtake partners making this more or less a non-event. Though, over here at AJM with worries over delays finishing construction of the Lion plant and then the whole JRO debacle the confirmation of off-takes could have a significant impact.
So, if we get an ann stating all of the goodies (pricing scheme etc.) after loading, that would imo be the preferred outcome. We do need the cash at some point and I hope AJM and PLS share this ship.
AIMO, GLTAH
AJM Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
