They SPP was drawn up when PLS was about 42-43 cents. Only reason it's at 38 cents - 10% discount on the then current price.
Highly doubtful that it will go back much as its really only a small amount ($15M) to keep shareholders happy - the big CR was the $100M from sophs and Instos.
Further, the new drilling results indicate that it is very likely that there will be at least 120MT - meaning we can expect Blue Ocean valuation of at $1.20 + by August (they have already valued at this if 120 MT).
Hence Wouldnt be surprised to see this share valued at $1 by end of year.
They SPP was drawn up when PLS was about 42-43 cents. Only...
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.15 |
Change
-0.160(4.83%) |
Mkt cap ! $9.486B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.22 | $3.09 | $384.4M | 121.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1587 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |