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$3.10 pilbara minerals limited

Good post!Agree stay the F away, well positioned to ride out the...

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w00lfy

349 Posts.

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23/01/24

19:59

Post #: 72029647
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Originally posted by Pete2019: ↑

That would be a stupid move. LTR is toast in my opinion. They had $515m in cash end of December and $300m debt. They are going to try to get to production, but even if all goes well with ramping up, then they will barely breakeven at the end of ramping up(could take a year or perhaps longer to get to full production). By the time they have finished construction LTR will be in net debt. Remember that they were looking to finance an additional $460m to see them through. Also had cost overruns in the past. Finance is not going to happen while lithium prices remain this low in my opinion. So the only option will be to issue shares before the end of the year and hope the lithium price rises substantially. Otherwise they will get bought out for peanuts or go in administration. You need cash to run a business in tough times. At the moment LTR is not getting any.
Better for PLS to wait another 6-12 months and then have a go. PLS has expansion options that will still be cheaper than to pay $2bn+ for LTR.

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Good post!

Agree stay the F away, well positioned to ride out the storm and when this takes off...it will be violent imo.

Got a strong hunch Gina is gonna end up with LTR.

PLS Price at posting: $3.27 Sentiment: Buy Disclosure: Held
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Last $3.10		Change -0.015(0.48%)		Mkt cap ! $9.375B

Open	High	Low	Value	Volume
$3.13	$3.18	$3.09	$60.97M	19.43M

Buyers (Bids)

No.	Vol.	Price($)
54	172242	$3.09

Sellers (Offers)

Price($)	Vol.	No.
$3.10	205496	46

View Market Depth

No.	Vol.	Price($)
54	190717	3.090
42	332807	3.080
48	280388	3.070
45	465630	3.060
61	255305	3.050

Price($)	Vol.	No.
3.100	185763	37
3.110	458049	86
3.120	143744	36
3.130	234219	34
3.140	197093	19

Last trade - 14.11pm 24/06/2024 (20 minute delay)

PLS (ASX) Chart