PLS 3.86% $2.74 pilbara minerals limited

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  1. 42,611 Posts.
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    What was the reason for entry anyway? Weak general market brings on the value thing?

    The Covid19 may have been contained from official Chinese figures but the problem has just been shifted to the West and third world. Here is Oz for instance we do not have such draconian laws to physically constrained people at risk of infecting others although there are laws purporting to that action. My fear is that this transmission has only just started outside China and it is impossible to gauge if :

    Weather cannot kill the virus
    Anticipated date of the vaccine and I hear from the media 'by the end of the year'!

    We outside China were going about our business ie. industries functioning well without the supply chain issue. If in a pandemic, our industries will be where China are currently and the signs are saying pandemic status is just a technical definition be it political or just getting other nations to start preparing before it is called on.

    We are talking global slowdown with countries globally locked down. Not good for the ST but what exactly is the definition of ST?

    PLS is in a very vulnerable position since they have opex issues and not making a profit. Now it is clearer why KB went for a mother of all CR to ensure there is cash buffering so such unforeseen events.
 
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