We’re at the tail end of confessions season and it’s that time of month where the lion’s share of quarterlies tend to surge right ahead of deadline.
We’ve got big names today: Pilbara Minerals (ASX:PLS), MinRes (ASX:MIN), Droneshield (ASX:DRO), and Sayona Mining (ASX:SYA).
So what are the forums saying about each of these releases? Note that share price action is accurate as at 11.07am AWST.
Pilbara Minerals
- How shares reacted: down -0.3% to $1.67/sh
- Overall sentiment: Positive
- What users liked: The company still has around $1B in cash to spend; PLS has kicked off early CapEx on future producing projects, the company made money in the quarter despite lithium prices.
- What users didn’t: Overall, the biggest picking point users mentioned about PLS’s June quarter results were low lithium prices, and correspondingly, a lower share price for PLS. The big question remains how long the lithium cycle will take to get back to the top, and more importantly, where that top will be. There’s a lot more lithium in the world, now, than there was 5 years ago.
Mineral Resources
- How shares reacted: down -1.03% to $29.79/sh
- Overall sentiment: Neutral
- What users liked: The company more or less met its cost guidance; the Onslow JV has now become cash positive, MinRes has cash on hand to spend, the company inked around A$40M from selling off tenements in the Perth Basin and costs are decreasing in some areas.
- What users didn’t: The company remains exposed to low lithium prices and the iron ore outlook is ultimately unclear; correspondingly the company is looking at $80M of impairments around its lithium operations, and most critically the company downgraded its FY26 outlook
Droneshield
- How shares reacted: up +5.74% to $3.13/sh
- Overall sentiment: Neutral
- What users liked: The company inked a record revenue for the quarter around $39M; revenue has increased 480% YoY (in other words, depending how you measure it), and a self-reported $2.3B sales pipeline
- What users didn’t: While the compan’s +480% boost to revenue is impressive in itself the $39M revenue figure for the quarter is a long way off the company’s market cap of $2.7B; some users were concerned about the receipt of revenues from existing contracts and whether the company’s planned expansion strategy means more cash burn.
Sayona Mining
- How shares reacted: down -4.55% to 2.1cps
- Overall sentiment: Negative
- What users liked: The company continues to produce and ship lithium to China; the company’s pending merger with Piedmont Lithiium remains on-track.
- What users didn’t: Higher costs remain a key pressure for the company that is compounding difficulties stemming from the lithium price (a common theme today!), some users queried why the company hasn’t mothballed its plant to stop cash burn, the company is operating at a loss.
Join the discussion: See what’s trending right now on HotCopper, Australia’s largest stock forum, and be part of the conversations that move the markets.