PLS 5.84% $2.90 pilbara minerals limited

Broker updates, page-102

  1. 127 Posts.
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    Thank you heaps for sharing this, TraiChung. I am not impressed with the lower target price but also not surprised. It is what it is until there is more news. That said, my two main take-aways are

    1) „We see PLS as adequately capitalised over FY20 for a SC6 price >US$520/t [...]“
    2) „[...] the potential premium that a partner could offer PLS for a minority project stake as a key medium-term catalyst.“

    To paraphrase in my own words: they see no CR for the foreseeable future and a higher SP when the deal arrives.

    I can live with that
 
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