Yeah we have a great asset, but it's all about survival at this point. Multiple companies will shut doors in the coming 18-24 months. Companies which have a lot of debt and higher production costs, like PLS are the most vulnerable. I am starting to think the failure of this company is more likely than its success. Might have to abandon soon.
GXY half yearly shows they only received a selling price of 584 US$/dmt, down from 950 US$/dmt in the same period past year. They have a much lower cost of production (US$387/dmt produced) and barely made a profit. How will PLS survive? Looks increasingly unlikely I am sad to say.
Ann: Trading Halt, page-222
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Last
$2.94 |
Change
-0.070(2.33%) |
Mkt cap ! $8.849B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $64.87M | 22.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86878 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 199466 | 4 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |