PLS 1.32% $3.06 pilbara minerals limited

Ann: Trading Halt, page-64

  1. 307 Posts.
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    You are correct that the Great Wall and Ganfeng loans as well as the cash received from POSCO alrfeady known to the market.

    Your 100-150m cap raise + 50m debt is full of sh**t though. How in the world one need more than 50% of CAPEX as additional funding. PLS is pumping white gold right now, a lot of them. Plus the stage 2 is not to be built in 1 night, but over 12 months time (if no delay). Which means PLS will have more cash from stage 1 operation during this time.

    I am not denying the possibility of CR, but based on what we know of the company right now, it is likely to be small (if ever needed).

    Good luck trying to scared others.
 
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