$360M cash margin. Not a bad result considering the so called (by mainstream) Lithium price collapse.
Annualise that and $1.44B ain’t too shabby. All the doom and gloom should be seen for what it is. BS.
Looks like no special divvie or buyback. Prudent move by management. That will allow the company to continue with modest dividends and fund growth initiatives.
They see the Lithium structural deficit remaining. That’s all that needs saying on what that means for pricing.
Projects on track but the reality is it will be 2026 before we see P1000 and the Posco JV at nameplate. It isn’t easy and that’s why the structural deficit will remain.
PLS Price at posting:
$3.88 Sentiment: None Disclosure: Held
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