I am surprised it dropped on the open.
A few down rampers are saying look at the actual margin, the company won't make a profit.
Well lets have a look at those margins
2020/21 = 26%
2021/22 based on offtake agreements achieving USD$875/dmt = 54%
2021/22 Auction sales based on first sale of USD$1250/dmt = 68%
Current Spodume spot price anywhere between USD$850-USD$1300/dmt
Based on those prices and they may well go higher the will achieve very good results this year.
Ann: PLS Annual Financial Results & FY22 Guidance Presentation, page-77
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Last
$2.88 |
Change
0.210(7.87%) |
Mkt cap ! $8.672B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.88 | $2.74 | $151.4M | 53.48M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8000 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 377420 | 16 |
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