Costs are everything, and the cost of production is key here. The margin remains healthy in a very weak environment, an environment that appears to be stabilising and hopefully strengthening in the second quarter of this year. How many other ASX companies have such margins at the weakest point in the cycle?
Dividend has not been completely ruled out, but with the language used, I would expect it to be if we were only ~$70-110M available. Personally, I was loving those dividends to fund my lifestyle, oh well, all will be right.
While the numbers are good, given the current short-term pricing weakness, are they good enough to stop a fear campaign backed by big money? I hope so, but my confidence in that is not high. Let's look out for the fear-based, attention grabbing headlines.
Costs are everything, and the cost of production is key here....
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Last
$4.19 |
Change
0.010(0.24%) |
Mkt cap ! $12.61B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.24 | $4.17 | $45.33M | 10.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22127 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 255294 | 8 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$4.21 |
Change
0.010 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| $4.20 | $4.24 | $4.17 | 4071195 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| PLS (ASX) Chart |