ORE makes a profit, albeit a small one. PLS is unprofitable and has a lot of debt. We just had a CR to remain solvent, so we really need promised efficiencies to kick in within 6 months.
If we aren't making money June 2020 (or very close to it), I think the company will need to CR again, leading to massive destruction of shareholder wealth. Alternately, it will go insolvent soon after and a Chinese conglomerate will buy it on the cheap, with help from CATL.
Good News & Bad News, page-3341
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Last
$2.97 |
Change
-0.030(1.00%) |
Mkt cap ! $8.912B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $31.65M | 10.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 204703 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 91713 | 27 |
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| Last trade - 15.54pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |