Can PLS and AJM survive, that is the question?
I believe so, but the big problem is debt repayment.
If the Spod price does not rise during this year (2020), and I don't think it will, then survival may depend on the success of negotiations to lengthen out debt repayments, effectively repaying less each quarter over a longer time frame (hopefully with the ability to once more ramp up repayments when the Spod price recovers somewhat, which I'm not expecting until calendar year 2021).
These boards of directors should be holding very strategic and important meetings right now, putting up plan B, and plan C, and deciding the exact course of action that will be taken during 2020 with a Spod price at current levels, or a little bit lower. They should then disclose those plans to shareholders in a very frank and objective manner.
Gw
Ann: Quarterly Activities Report, page-229
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |