Jim Morrison 'been down so very damm long that it looks like up to me'.
Today looks like a bit of capitulation at the recent lows. Almost a double bottom at $3.72.
I read the analysts latest revenue forecasts. Some are way out using $2200USD/t or thereabouts.
Contract pricing is a lot higher. AUD has dropped off a cliff since last qtr. $3Bill in cash probably getting 3% to 4% p.a on treasuries on at least half of that?
160kt * $3200USD/t = $512MUSD / .65 exchange rate = $780MAUD. Giving about $500MAUD profit. 70cps on a yearly basis is my estimate. Uncertainty of pricing going forward will be a negative. Update on POSCO JV commissioning will be a positive and any output going forward will offset any weakening spod prices going forward. I expect narrative on pricing will still pressure the market for a while but figures will show PLS still making a lot of money and this may be their weakest qtr for some time. Time will tell.
Good News & Bad News, page-34644
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Last
$4.18 |
Change
0.010(0.24%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.19 | $4.13 | $34.66M | 8.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33565 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 49395 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
0.010 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $4.15 | $4.19 | $4.13 | 2555553 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| PLS (ASX) Chart |