New entrants to the spod supply chain were forced into off takes to get the funding required to progress projects. GXY already had cash flow so weren't in the same position as PLS who had no choice but to do off takes to satisfy lenders. The landscape has somewhat changed now.
The quality of PLS management was what allowed the company to navigate through the 2019/20 sector enema and survive. 5 stars from me and they continue to kick goals. GXY have been absorbed by ORE, ok call it a merger. James Bay still aways from producing.
IMO, PLS management have continued to show their nouse and it's been upgraded to 5 stars+ after recent performance.
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