The key extract from the quarterly for me is the one below. I think they are going to keep some powder dry and look to make an acquisition. This is good news for other junior miners in and around the Pilbara region. Alternatively, PLS could look to diversify geographically?? Say, the NT??
"...In light of this backdrop, the Board has determined, at this time, not to proceed with a one-off capital management initiative. The Group will continue to consider opportunities for further investment and/or capital management initiatives over time. In all cases, the use of surplus capital for growth will be tested against additional returns to shareholders, to ensure a prudent approach to capital allocation and value creation through the cycle."
Ann: September 2023 Quarterly Activities Presentation, page-8
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