A reminder of this;
IMO the major re-rate will come from institutional buying. For this buying to occur, we still need to see the Mining Licence approved and CAPEX funding locked in. Secured Offtake is a tick for debt financiers, the other being the Mining Licence. There is a natural progression to this that we need to let play out.
The company is beginning to move out of the orphan period. Early DSO cashflows will speed up the process.
A very big 6 months to start up for the company, as it's the upcoming milestones that will entice the larger buyers who can re-rate the stock to enter the playing field.
The PLS registry is still mainly retail and MIN, which leaves a lot of room for a re-rate. The major re-rate may take a few months rather than a few weeks, but IMO it will come.
Cheers!
Ann: Offtake and Financing Support with Ganfeng Lithium, page-100
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |