That would not make sense. PLS does not need to borrow anytime soon. Work in progress has been funded by cash, acquisition of LRS was transacted with scrip and the mine is on hold until SP recovers, when its proximity to the USA market will be an advantage. PLS's 16% share in the POSCO project in South Korea is funded mostly by spod ore contributions. Calix is on hold until the share price recovers and that will happen when more buyers enter the market in 1-3 years. At present the buying market is dominated by BYD and CATYL.
PLS Price at posting:
$1.25 Sentiment: Hold Disclosure: Held
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