I think PLS should reassess its expansion plan or even cut production at current climate in response to market conditions, put it on ice for at least 6 - 9 months and decide then.
Things can change very quickly, 6 - 9 months pause is not going to hurt or disadvantage if market do turn positive in short / middle term.
100% agree with Dale market dynamic can change quickly, but going ahead with ambitious expansion plan doesn't help current market sentiments.
On the side note, do you think Gina regret her investment in LTR ?? or play the long game justification for her action?? LTR got at least 2 - 3 years of pain to get the cash cost down to competitive level and massive capital injection is required to keep going.
Goldman Sucks was so, so bullish about copper and now crab walk away from their predictions, just to show nobody can predicts market dynamic no matter what inside knowledge or research tools they have.
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$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B |
Open | High | Low | Value | Volume |
$2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 123970 | $2.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.42 | 15148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19000 | 2.410 |
61 | 160822 | 2.400 |
1 | 418 | 2.390 |
8 | 28845 | 2.380 |
2 | 15000 | 2.370 |
Price($) | Vol. | No. |
---|---|---|
2.420 | 13082 | 2 |
2.430 | 15000 | 2 |
2.440 | 22738 | 3 |
2.450 | 22100 | 3 |
2.470 | 12500 | 2 |
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