Hi everyone, I've just seen the new Macquarrie Bank report on PLS. Talk about being incorrect.
They value us at a 12 month target of 40c.
They base this on a long mine life of 2Mt/a.
I haven't read all of the report, but despite the company stating we are going to 4Mt/a in a short period of time, MacQ are sticking to the non-fact for their study that we will only have a 2Mt/a plant for the life of mine.
So the only way they can now get a low valuation for us is by changing FACTS from the company itself about moving to 4Mt/a and no doubt in my mind going to 6-8Mt/a within 7-10 years.
TOTAL and UTTER GARBAGE!!
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Hi everyone, I've just seen the new Macquarrie Bank report on...
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72 | 399563 | 2.700 |
36 | 267113 | 2.690 |
44 | 345972 | 2.680 |
32 | 597964 | 2.670 |
Price($) | Vol. | No. |
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2.730 | 268928 | 22 |
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