Just noted you do not even hold LRS.Anyone is free to buy PLS...

First 19355 Last

Share
Profile

Follow
GARETH78

8,815 Posts.

3109

26/09/24

07:44

Post #: 75842444
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

Just noted you do not even hold LRS.

Anyone is free to buy PLS shares on the open market. I think it’s a decent LT investment in a balanced portfolio. Great Management.

However LRS holders, many of whom have been here for many years are being asked to convert THEIR LRS SHARES to PLS shares.

It is much more complexed. Thankfully rollover will likely be available.

LRS Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

First 19355 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Just noted you do not even hold LRS.Anyone is free to buy PLS...

Top Stories

Most investors will get this earnings season wrong. Will you?

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Featured News