SYA 3.03% 3.4¢ sayona mining limited

If any one can explain why PLS (arguably the most successful...

  1. 13,250 Posts.
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    If any one can explain why PLS (arguably the most successful hardrock miner in the world), has 20% of it’s shares being shorted, I am all ears.

    At a guess its because they expect it to go lower. Last FY they averaged $US4447t this FY ending June will likely be closer to a quarter of that. Their H124 NPAT was down 82% and the FY likely more.

    In The Dec quarter average prices recieved were $US1113t, the upcoming quarterly will be interesting as it will give the average price recieved for the worst quarter IMO.

    Great Company and well cashed up but as a producer earnings count as do dividends...

    Cheers Whisky
 
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