SYA 12.2% 4.3¢ sayona mining limited

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

  1. 13,281 Posts.
    lightbulb Created with Sketch. 4487
    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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