Hi FolksI posted this hand drawn chart after the Sep quarterly...

Hi Folks

I posted this hand drawn chart after the Sep quarterly report. I have updated it to include the Dec $US 1,113 Spod prices achieved from the 159.9K DMT shipped.

Take note of the red dots, they are the prices achieved from the BMX auctions during the bubble phase.

That green star points to the BMX auction whose results were posted on the 15 Dec An extract below.

Following the auction process the Company has sold two cargoes for a combined total of
10,000dmt at an average price of US$7,552/dmt (SC5.5, FOB Port Hedland basis).

(that's $US 8229 for Spod 6.0%)


So that 10K DMT cargo raised about $AU 113M and for this Dec quarter we sold a total of 160k DMT for $AU 264m,

Dec 2022 revenue was $AU 1,153M , Dec 2023 was $AU 264m

With this news on opening PLS SP rose from yesterdays close of 3.27 to peak at 3.545. That's a 8.4% rise on this news.

The next March quarter report should prove interesting, if the revenue halves again to $AU 132m the SP might see $4. Go figure?

Careful someone's playing games again. But DYOR.

cheers Lies