You are correct in my opinion. Without the capital raisings, PLS would be insolvent within a few months, just like A40.
They must deliver promised efficiencies, cost per ton must decline and they must make a profit within the next two quarterlies. The true believers don't seem to understand the jeopardy PLS is in.
Proper cashflow analysis, page-36
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.89 | $2.82 | $51.48M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6942 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 129885 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |