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11.0¢ piedmont lithium inc.

PLL General Discussion, page-2513

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RobertoQ

1,279 Posts.

114

12/08/24

10:32

Post #: 75165362
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Originally posted by cmonaussie: ↑

Do you not listen to the earnings call or review Q2 report?

For starters ... it isn't "cash burn" as you are liking to call it. It is Capital spent on investing activities. I mean if a company had $10M cash (current assets on balance sheet) and bought a piece of land for $10M (long term or fixed assets on the balance sheet) is that cash being burned - NO - it is capital being invested in the business.

So look first to the cash waterfall ... what do you see?
I see $3M spent on Capex for what would be CLP
and
$8M spent on Investments & Advances to Affilites (being $5M to SYQ for NAL and $3M to Atlantic for Ewoyaa)

And then as far as your statement
"the outlook for second half of this calendar year has the cash burn expected to be at least as bad"

THAT IS AN OUTRIGHT LIE (or English is your second language)
First half $23M
Second half estimate is $10M - $13M ....so $11.5 at the midpoint which basic arithmetic says is half of what was spent in first half

Expand

Not cash burn but cash haemorraging. It is starting to look terminal and you have ridden it down from $1.20 to 12 cents, fat pizza the same. Dont lose your pants sell now

PLL Price at posting: 13.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $45.00M

Open	High	Low	Value	Volume
11.5¢	11.5¢	10.5¢	$107.3K	969.1K

Buyers (Bids)

No.	Vol.	Price($)
14	1237832	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	570099	6

View Market Depth

No.	Vol.	Price($)
11	999844	0.105
48	2653584	0.100
3	350101	0.099
1	2600	0.098
1	30938	0.096

Price($)	Vol.	No.
0.110	570099	6
0.115	562585	10
0.120	427171	10
0.125	240534	4
0.130	154779	6

Last trade - 16.10pm 13/09/2024 (20 minute delay)

PLL (ASX) Chart

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