They have too much debt, I see a CR as being inevitable unless they can magically reduce costs or if prices come back. From all of the analysis I have seen, the spod/lithium price is still plummeting and 2020 will not be a good year.
How many quarters can PLS continue not making a profit before we need a cash injection to keep the business running? I don't think we could get through 2020. A 25 cent CR is pure conjecture, but it is based on my assumption that another 6 months of poor prices and losses will continue driving the PLS price down.
Galaxy just secured a big chunk of Alita's debt. Maybe they will do the same for PLS in 6 months? The little players are dropping like flies, carrying debt, pulling back on production, and losing money. I really hope PLS can make it through, but without that 20-49% sale, it will be difficult. I think we will be forced to CR. Edit: those offers were very low-ball and rejected based on 'optimistic' assertions from the management.
Hopefully you guys are right, some positive announcements before a CR at 50-70 cents. That would be a much better situation for PLS. But they need positive news.
- Forums
- ASX - By Stock
- PLS
- Thoughts on a rights issue
Thoughts on a rights issue, page-29
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.52 |
Change
-0.065(2.52%) |
Mkt cap ! $7.558B |
Open | High | Low | Value | Volume |
$2.61 | $2.65 | $2.49 | $49.64M | 19.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 121121 | $2.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.52 | 250024 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 351081 | 2.500 |
28 | 411753 | 2.490 |
36 | 256554 | 2.480 |
19 | 194578 | 2.470 |
25 | 316139 | 2.460 |
Price($) | Vol. | No. |
---|---|---|
2.510 | 144312 | 61 |
2.520 | 434456 | 63 |
2.530 | 335945 | 52 |
2.540 | 267845 | 28 |
2.550 | 291419 | 17 |
Last trade - 14.58pm 05/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |