Yes, in 2020 PLS was operating at loss, but not severe, as you can check the cash flow from operating, which is way better than most peers.
Most importantly, in last quarter, cash cost has come down to $351(achieved using only about 60% of the capacity). This led to a POSITIVE cash flow from operating. Overall still at a small loss, but the March quarter might be the first profitable quarter of PLS if the price improved to for example about 450 as some reports has claimed recently.
I have been hearing similar arguments like yours above all the way from under 0.20, it has become a little bit boring now. Yes you can change your opinion only after you have seem a beautiful annual report, good luck with that. We might wait for you above 2.
Ann: December 2020 Quarterly Activities Report, page-51
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |