Share
8,818 Posts.
lightbulb Created with Sketch. 3109
clock Created with Sketch.
26/09/24
07:32
Share
Originally posted by Glass97:
↑
Considering everything in the pipeline for PLS, And it being one of the only producers to remain at full tilt, i would say theyre doing just fine. 1.6b in the bank still, 1B of debt facility should they choose to use it, All contracted prices through their offtakes are paying higher than the price on the markets that we see and try to connect to PLS.. 2022 price was US 5k per tonne, So obviously it will be less now. They made 500Mil in profit last financial year, IMO the lithium story will turn. When it will, Who knows but PLS will be ready to reap the rewards. Competition dissapear the longer the prices remain low, Which is great for all of us
Expand
I am not saying there is an my issue with PLS at all. Its in the ASX100, its a blue chip company. But to put things in perspective a new ATH with your LRS shares is a tad over $6.00 - $19bn MC. It hit its ATH in the Dec qtr 2022 when it averaged $5600 USD T for its spod. - $17bn MC I will be surprised if any company reports an average price over $2000 USD T again. I am just trying to temper expectations.