From a corporate governance perspective, this probably should have gone into TH after POSCO initially announced the go ahead.
I understand some I's may have required dots and T's crosses and PLS had previously announced negotiations were ongoing... BUT POSCO announcing FID is major.
I get that it's frustrating for investors to put up with THs but it seems it would have been the most appropriate decision to make - would be unusual for POSCO to present it as a JV including announcing the name P.L.S. to local media if it wasn't a done deal.
PLS/POSCO Joint Venture, page-29
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Last
$2.84 |
Change
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Mkt cap ! $8.476B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.92 | $2.81 | $23.53M | 8.233M |
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| No. | Vol. | Price($) |
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| 32 | 180564 | $2.83 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 86215 | 19 |
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| Last trade - 14.08pm 18/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |