PLS 3.84% $3.51 pilbara minerals limited

Strange one.. the 15kt is priced based on a future LiOH price....

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    Strange one.. the 15kt is priced based on a future LiOH price. So its not going to make a positive difference to the bottom line today or arguably this qtr.

    Hence, why reiterate the rating? The outcome could be negative based on todays LiOH price. I guess PLS believe that the price will be higher at the time the product is converted. Hopefully this eventuates otherwise its going to be another misstep.
 
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