PLS will likely do a dividend of about 8c to 10c soon. Its based on average prices for the last 6 months not the recent month which has the ore price lower. $98m is still a good profit but it will be much higher than that for the last 6 months.
The juniors will all likely fall and go under.
Not worried at all. Saw iron ore get low at one point and the iron ore miners didn't make much money in the dips but in the highs they make billions. So will PLS in the coming years.
Buy in fear which is nearly now. I am hoping it drops to $3.50 then many I know will start a buying frenzy and the shorters will have to buy back at the higher prices.
Its all going to my plan so far. Stated this last week when I said expect the shorters to keep dropping it so we can jump in at $3.50
I expect to see PLS above $5 or $6 by years end.
Every car company going EV now. Many state and federal governments here and around the world are going battery back up as its fast to install and get moving.
Look no further than FMG who is in the green space and about to make even more billions from their green projects.
This will just be a blip on the chart in the coming years.
PLS Price at posting:
$3.69 Sentiment: Buy Disclosure: Held
(20min delay)