So the Chinese are great at making cars, why do they bother buying Volvo and now some French car holding? Lets use the sales test. I look around in Oz roads and all I see prestigious marque are usually German, Indian and maybe Volvo. If it is so great why don't they change the name of Volvo like what they did when they bought IBM PC?
Come on, lets be objective and I now you have a stake in PLS that supplies raw material to the Chinese battery makers, I refer to the present not the future. They make shiete cars relatively speaking. Yes supply chain is monopolised by the Chinese for various reasons but trade war could be a turning point heaven forbid. It will affect me too. So what do we do with the issue, pray or try to mitigate risk.
It would appear a lot think this massive cap injection is great for the company, a positive. Is that a relative measure to what happens if there was no capital entry? If you compare it this way then any thing is better than insolvency but this is more a relief than a great outcome.
It will survive provided the Spod price stabilize or do not keep falling for any length of time that the company continue to make -ve CF. I think there is a hint there on the SPP allowing holders the opportunity to double up on what is usually max $15K buy in.
PLS Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
(20min delay)