Agree. The sector sentiment is shocking, as bad as 2019 / 2020 in some respects as there are likely a lot more bag holders across the sector as a whole. Cash is king for both investors and companies at the moment. Lithium is not in favour. Gold, Uranium, AI etc getting the attention.
They are probably best to stay fairly dormant until a decent sentiment change occurs, unlikely until the next round of quarterlies in July when hopefully PLS shows its first Q on Q rise in spod price received in 18 months. As it stands no guarantee a bottom is in yet.
This quarter they cleared some of the trade payables IMO that built up in the Dec qtr, would anticipate a lot lower expenditure this quarter. They could get back into more than 2 qtrs cash for the July report.
Can expect some news flow before end June given AC has some performance shares with end June expiry. Before the AGM??
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10
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