Just joined HC and this is my first post. Was planning on topping up on PLS this morning until I saw the trading halt re: JV. Think this bodes well for 3 reasons.
- KB has indicated diverification strategy is important for PLS as a portfolio business in the long run
- Market conditions, strong long term demand forecast and pricing for lithium chemicals more bouyont in FY21 than in FY19 leading to a more compelling investment case
- In 2021 annual report, KB and other execs have 20% deferred FY19 LTIs towards participation in downstream processing (strategic objective), so they have a vested interest in sealing the deal
Based on the amount of work undertaken by management and the progress made towards thisstrategic objective and after also considering the adverse global environment during the majorityof the 3 year vesting period, the Board has determined it is reasonable to defer the determinationfor the vesting of this target until a strict one-off period of no later than November 2021.
Can't wait until Wed open. GLTAH
Ann: Trading Halt, page-109
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |