PLS 2.13% $3.83 pilbara minerals limited

I was really scratching my head to find some positives in today...

  1. 2,782 Posts.
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    I was really scratching my head to find some positives in today announcement so I went back and did a bit of digging from previous announcement.

    Trying to put in better context the numbers:


    SOLDSale RevenueStock PileNet Loss
    2020Sept Q20044$ 37,8M51,468$ 63,4 M
    Dec Q3317825,730
    March Q33998???
    June Q???

    total?????
    2019totals128373$ 131.57 M

    1) to meet 2019 sold volumes, PLS to ship record 41153 dmt in June Q...unlikely
    2) If 2H sales equal to 1H, total sales for FY20 $ 75,6 M or down 42% yoy...best case
    3) reduction in stock pile not disclosed in today comms will likely to drive a further non cash inventory write down
    4) Nordic Bond liability 12MUSD per year interests + Principal repayment in 2020 ~ 30 M AUD at 0.6 fx
    5) In FY 2019: $ 22,6 M Salaries

    Bottom line, it is great they have ~100M in cash as IMO IMO they will need it big time towards the end of FY.

    This just my own research and not financial advice DYOR and good luck with your PLS investments


 
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