Australia's largest stock trading and investment forum Australia's #1 stock forum

PLL

Click for more information

3.70%

13.0¢ piedmont lithium inc.

PLL General Discussion, page-2513

First 2513 Last

Share
Profile

Follow
RobertoQ

1,231 Posts.

112

12/08/24

10:32

Post #: 75165362
Share

Originally posted by cmonaussie: ↑

Do you not listen to the earnings call or review Q2 report?

For starters ... it isn't "cash burn" as you are liking to call it. It is Capital spent on investing activities. I mean if a company had $10M cash (current assets on balance sheet) and bought a piece of land for $10M (long term or fixed assets on the balance sheet) is that cash being burned - NO - it is capital being invested in the business.

So look first to the cash waterfall ... what do you see?
I see $3M spent on Capex for what would be CLP
and
$8M spent on Investments & Advances to Affilites (being $5M to SYQ for NAL and $3M to Atlantic for Ewoyaa)

And then as far as your statement
"the outlook for second half of this calendar year has the cash burn expected to be at least as bad"

THAT IS AN OUTRIGHT LIE (or English is your second language)
First half $23M
Second half estimate is $10M - $13M ....so $11.5 at the midpoint which basic arithmetic says is half of what was spent in first half

Expand

Not cash burn but cash haemorraging. It is starting to look terminal and you have ridden it down from $1.20 to 12 cents, fat pizza the same. Dont lose your pants sell now

PLL Price at posting: 13.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SGA

Sarytogan promises good returns on Kazakhstan project, but the market is uncertain

Emerald & Azure score Digger & Dealer awards

CKA

Cokal plans to kick off unexpected underground mine in Indonesia

Finding financial stability when inflation's out of control

Bitcoin: Current State of Play & Where to Next | Swyftx

There are more pages in this discussion • 3 more messages in this thread...

First 2513 Last

Add PLL (ASX) to my watchlist

(20min delay)
Last 13.0¢		Change -0.005(3.70%)		Mkt cap ! $53.18M

Open	High	Low	Value	Volume
13.0¢	13.0¢	12.5¢	$240.7K	1.855M

Buyers (Bids)

No.	Vol.	Price($)
23	692325	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	98996	5

View Market Depth

No.	Vol.	Price($)
22	682325	0.125
18	665576	0.120
4	351069	0.115
6	288481	0.110
7	175500	0.105

Price($)	Vol.	No.
0.130	98996	5
0.135	62366	3
0.140	289895	5
0.145	165998	6
0.150	132412	7

Last trade - 16.10pm 12/08/2024 (20 minute delay)

PLL (ASX) Chart