PLS 2.70% $3.97 pilbara minerals limited

Good News & Bad News, page-181

  1. 371 Posts.
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    Whisky, I agree with much of what you have written. And it worries me.
    As each week passes and the s/p declines, it becomes increasingly
    possible that the question for some of the companies, who might have
    been interested in the asset sale, is no longer should I buy a piece but
    should I buy the entire company. A tier one asset with an operational mine
    and offtake partners, operating in a mining friendly jurisdiction, selling a high
    quality product.

    It is hard for me to believe that there is not at least one really deep pocket out
    there who does not see the excellent long term prospects of this company.
    Our market cap has now fallen below $900 million. It was not to long ago that
    many here believed we would get more than that for the sale of half the assets.

 
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