Not sure how I am trying to scare anyone given the stock is in a trading halt, on a weekend break and with the actual news to come. Now seems the most useless time to scare people..
Just pointing out a CR is on the cards, which you seem to agree somewhat with.
Perhaps PLS needs additional funding for the downstream plant that is in the wings?
We will find out in a few days anyhow.
Maybe they have secured additional debt to fund the capex but given the debt already on the books (which would have it's own caveats) I am wondering who (and at what cost) would lend. Particularly if there is to be investment in downstream activity as well in the future.
Ann: Trading Halt, page-67
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |