While we have a number of potential positive announcements in the short term, which one would expect to lift the sp, any meaningful (next leg up) in the sp will come from expansion plans and downstream participation.
As meaningful profits from spod sales are expected from hereon in, PLS spod expansion plans will be funded from free cashflow, which will only increase free cashflow and so on. Debt is not an issue at 4.77% of enterprise value (AUD$143 mill /$3 bill), thus plenty of funding options via free cashflow and debt.
The company will grow with the market demand, its just a matter of time, the sector fundamentals are strong and growing quickly. I keep reminding myself that government policy wrt climate change mitigation is underpinning the demand pull, there is already lots of lines drawn in the sand, the race is on, place your bets.
Good News & Bad News, page-200
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Last
$3.22 |
Change
-0.040(1.23%) |
Mkt cap ! $9.691B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.25 | $3.19 | $57.57M | 17.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 120600 | $3.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 135477 | 7 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |