I think part of the PLS issue is that although the resource is big and LI % good that it has issues.
Iron -> hence much more cost in production with measures needed to reduce.
Demand -> dropped and not coming back too soon - hence stockpiles and weak prices.
The Stage 1 design seems flawed and build is suspect - many breakdowns were flagged months ago - but I did not heed warning
Debt - should have CR'd many months ago to avoid asset fire-sale -> KB has had this experience before - losses points for this one.
LTR while a non-producer with a seemingly low iron content and large - becoming larger resource, is in the box seat with regard to every issue mentioned above. (Yes met tests pending to prove how pure and design / cost of plant)
Long Term Resource (LTR) is well placed timing wise to ride this out and head in the opposite direction to current marginal producers.
SK60
I think part of the PLS issue is that although the resource is...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $2.970B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.22 | $7.836M | 6.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39539 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 12600 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.22 | 2016924 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LTR (ASX) Chart |