PLS 1.40% $2.89 pilbara minerals limited

Good News & Bad News, page-3362

  1. 751 Posts.
    lightbulb Created with Sketch. 193
    Yes it is a bit like you say.
    Hindsight is a wonderful thing , and what a pity we did not do much capital raising when the SP was over $1. If we were to never need the money , there would of been uses, such buying other opportunities etc - You can never have too much money in the bank , but you can have too much debt.
    The BOD sure now have to do much deep thinking , maybe spend a bit on an independent financial review with a big accounting form. They must not get themselves into a position of another capital raise anywhere near these prices. simply MUST NOT.
    With this continual daily down spiral - every bloody day , whist a bit of green with our peers , it does make you think something is happening or known behind the scenes - the drop is just too regular.
    Anyway , l am holding , as the mine asset alone is worth far more than the current market capital - just need some good management etc,

    All the best Holders
 
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