PLS 2.22% $3.09 pilbara minerals limited

Good News & Bad News, page-22491

  1. 5,118 Posts.
    lightbulb Created with Sketch. 1929
    "Also, if I'm not mistaken, the $6,300 contract pricing is a floating value against reference price data? It's not a fixed value. That $6,300 figure was based on market pricing reference data on 21/12. If the reference price goes up or down, so too does that $6,300 figure. I think people read it as being a fixed value, when in fact it's variable."

    This is correct, and i also assumed it was fixed at first, which means if there's a sharp contraction (unlikely) in reference prices these 2 quarters, the SC6 price achieved will be lower than $6,300.
 
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