No losses here. How are your losses on PLS?
I am looking to the gains. The market will correct especially with 22% short here and a P/E three times a typical mining company and $1B in debt, $500M in incoming dilution, rising costs, low grade ore, and no diversification.
LTM, SQM, ALB are all primed to 2-3 times. That is what I am looking at and what one anyone investing capital today should be thinking about.
PLS needs to half to be even remotely as fairly valued as those companies even with a rise in spod. You don't think basic financial metrics are a basis for investing I take it?
Good News & Bad News, page-45583
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |