PLS 5.69% $3.16 pilbara minerals limited

Lol at the negativity on this announcement. Clearly this is why...

  1. 447 Posts.
    lightbulb Created with Sketch. 171
    Lol at the negativity on this announcement.
    Clearly this is why PLS raised way more than expected recently, knowing they might be moving to 100% ownership.
    There will not be another CR to fund this deal.
    The deal will obviously only happen with mining approvals.
    And that means $18m of earnings over next 16 months to PLS.
    But wait, there's more - PLS expect TT mine life to ultimately go beyond 5 years.
    You do the math.
    And then recheck the market cap.
    And then think about the Pilgangoora blue sky.
    Going a lot higher.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.