PLS's future, will it survive until the tide turns?, page-61

A honest post.

We are all aware of the coming revolution as regards EVs Power Storage and the array of other requirements for Lithium. The next years ahead will be game changing.

However RIGHT NOW let’s look at the CURRENT position of PLS as far as we know.

- Stage 1 is up and running albeit not to nameplate - recoveries which if all goes to plan will not be fully resolved till late 2020.

- Until the next quarterly shareholders do not know if cashflow is sufficient to meet ongoing costs.

- Without further capital PLS CANNOT proceed with further stages 2 and 3 development or the proposed POSCO JV so PLS will be stuck with its Stage 1. Current debt will not be cleared.

- This capital is hopefully to come from the partial sale of the mine however as KB points out there is NO guarantee that a deal will be achieved.

- If no partial sale is achieved a CR is imo inevitable.

- Hopefully the BOD can pull a rabbit out of the hat so to speak otherwise and although I have been a believer in PLS I am becoming less positive.

As I said before an honest post, no agendas, just a shareholder.

AIMO