Very good news indeed!
PLS is now significantly de-risked from both a financing and technical/operations perspective. Last qrt cash flow was driven by selling stockpiles - a much more impressive result this qrt with almost break-even after stock/currency movements and loan capital repayments are backed out.... especially considering the moderated production rate.
The lower interest rate + two years grace on capital repayments that comes with this refinance should ensure PLS stays about cash flow neutral at current prices and operational performance/utilisation. Averaging US$450/dmt costs with a period at US$350/dmt certainly indicates that operations are getting much closer to the promise of this project.
Good luck holders - I'll do some calcs and may then join your ranks again.
Ann: Pilbara Secures New US$110M Finance Facility, page-35
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Last
$4.21 |
Change
0.025(0.60%) |
Mkt cap ! $12.67B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.24 | $4.17 | $35.92M | 8.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3455 | $4.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 956 | 1 |
View Market Depth
| Last trade - 15.59pm 06/05/2024 (20 minute delay) ? |
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Last
$4.21 |
Change
0.025 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| $4.20 | $4.24 | $4.17 | 4051203 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| PLS (ASX) Chart |