PLS 5.83% $3.07 pilbara minerals limited

Guys, this do looks like an alarming buy for me. Having been a...

  1. 54 Posts.
    lightbulb Created with Sketch. 3
    Guys, this do looks like an alarming buy for me. Having been a long holder of KDR, I always use PLS as a comparison. I thought KDR was really cheap when market cap was like 500M which at that time was less than half of PLS (due to KDR's 50/50 agreement with SQM)
    I got lucky when WES made the bid.
    But now, PLS's market cap drop below 1B.
    With the mine is operational and running, now PLS is selling at far more discount than KDR (without funding)
    I am a bit puzzled here. Do we need cap raise for stage 2 or something? I don't quite get it.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$3.07
Change
-0.190(5.83%)
Mkt cap ! $9.239B
Open High Low Value Volume
$3.19 $3.20 $3.07 $96.53M 30.85M

Buyers (Bids)

No. Vol. Price($)
41 815921 $3.06
 

Sellers (Offers)

Price($) Vol. No.
$3.08 309816 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.