Your original suggestion lacks logic.
Option 1 We make a profit on current prices (we dont need to raise any more debt or raise capital) to remain operational. We have a strong balance sheet. Others go bankrupt in the process, new mines don't come online or get funded so when the price reverses, we're in a prime position operating at P1000 to capture the new price.
Option 2
We cut production, our costs go up and we don't make a profit. SP sinks further.
Tell me how Option 2 makes any sense for us?
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |