What gets me excited is that when you do Stage 2 numbers at the PFS production and cost givens, this makes net operating cashflow of $811mA/ annum. So, if you assume 2b shares on issue, after maybe raising a bit to get Stage 2 done, you still must get to at least $4 a share. Then if you add in the other possible downstreaming opportunities and the fact that we are at the beginning of the EV revolution, $4 is probably cheap.
I smell an opportunistic takeover bid around the corner, but I know the Board know what PLS is sitting on in terms of value. A bidding war and a value sensitive Board should give for some exciting times. In my view, it's when, not if.
Day to day discussions on S/P, page-190
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |