PLS chose to take a painful CR the year prior. You are correct that PLS too were on the brink, but they did something about it. Altura took a large bet that pricing would rebound and that their lenders would continue to put up with covenant breaches. The can kick failed. It was financially reckless.
JB and Co seem to have learned the debt lesson for SYA however shareholder communications and respect for continuous disclosure obligations remain the same imo.
PLS chose to take a painful CR the year prior. You are correct...
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $380.8M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $267.5K | 7.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4818165 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 15815018 | 45 |
View Market Depth
| Last trade - 10.24am 09/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
0.000 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.8¢ | 3.7¢ | 3951401 | ||
| Last updated 10.40am 09/05/2024 ? | |||||
| SYA (ASX) Chart |