PLS 2.93% $3.65 pilbara minerals limited

Extracted from the Financial Report for 30 June 2019From ann....

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    https://hotcopper.com.au/data/attachments/1706/1706331-cd703bb4bde7fa1ff76591dacd10acf6.jpg

    Extracted from the Financial Report for 30 June 2019

    https://hotcopper.com.au/data/attachments/1706/1706344-bff19f0703203a043ba93ae808eca9f6.jpg
    https://hotcopper.com.au/data/attachments/1706/1706352-1b474cd8b4be2cfbf17756dec805c49b.jpg

    From ann. titled Update on Partnering Process and Revised Stage 2

    Comment (the following is my opinion):
    • The expected ramp up in Oct coincides with the lowering of iron in product
    • Company is still trying to sell the off spec product
    • They're lowering production of the off spec product because our clients don't want it
    • Cutting costs by reducing processing activity using stock to try generate as much cash as possible
    • CR as contingency, as early as possible due to weak market outlook
    • Costs expected to go to $350/t after Mid Oct

    Interesting
 
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