Supply and demand is not the sole reason PLL is down. The only supply they have is NAL and yes nobody wants it for anything above the production cost. NAL is yielding a loss, therefore PLL are having to dump cash into that project. As a result, no cash is available for A11 unless I've misread the A11 quarterly which states PLL are in arrears. Also, cash from NAL and maybe A11 was supposed to cash flow their American projects? Ha, the American projects are dead in the water due to high capex and permitting (or are now substantially delayed). These will never get off the ground.
Long story short - NAL is draining cash and a poor asset as the AISC is too high. Therefore the only hope and dream for PLL is A11 - hence todays announcement in PLL as price sensitive. PLL can only hope and hope is not a very sound strategy. AIMO
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Mkt cap ! $99.64M |
Open | High | Low | Value | Volume |
24.0¢ | 24.5¢ | 23.5¢ | $315.6K | 1.321M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 73042 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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24.0¢ | 256563 | 8 |
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No. | Vol. | Price($) |
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12 | 73042 | 0.235 |
11 | 60431 | 0.230 |
6 | 176040 | 0.225 |
5 | 140512 | 0.220 |
4 | 134900 | 0.215 |
Price($) | Vol. | No. |
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0.240 | 256563 | 8 |
0.245 | 981662 | 14 |
0.250 | 715235 | 17 |
0.255 | 175350 | 6 |
0.260 | 27973 | 6 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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