Don't like posting on stock without holding. Was going to buy but held off, thank goodness. Many maybe looking at this CR, if there is one, the wrong way. Yes there would be a dilution but survival is at stake. If pls goes down the debt path, they will be in same place as A40 and Ajm. The management has chosen CR, putting extra cash on the balance sheet to wait for the turnaround. The operating cost is too high at 550 and no shipments/ cash coming in. The resources are there, great wall paid 55c, gangfeng 64c and posco 93c. Pls need cash through CR to see this period through...no point in pretending. More debt will not be good for shareholders, this would onlly add to cost. The spod resource must be mined to meet demand at a profit. In the short term SP may lower but the resources are worth much more. Stay solvent.
Ann: Trading Halt, page-233
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Last
$3.27 |
Change
0.110(3.48%) |
Mkt cap ! $9.846B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.30 | $3.21 | $93.46M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29000 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 20000 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |