Yes this is exactly the point, killing off new supply.
The LTR announcement today did ricochet onto PLS. But in the final analysis, a weaker production profile and longer timeframe for LTR may not be such a negative for PLS. And of course it is not just LTR that the market conditions are impacting, it can only mean a supply deficit sooner and for longer.
It must also be remembered that even with their high degree of technical expertise it has taken a while, possibly even a year or two, for PLS to get the production line precisely dialed in. This will likely be a stumbling block for any emerging new producers, further constraining new supply.
Good News & Bad News, page-37916
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Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |