While I agree that having an updated timetable is very beneficial to the market and to shareholders, in this case it may be more detrimental than good. PLS would have to explain why certain timeframes were missed and a simple, yet truthful, answer may be perceived differently (and incorrectly) by the market. This stock has been heavily manipulated in the past and IMO any unnecessary negative news may further depress the SP, thus causing further doubts for some “nervous nellies”.
I think we (as shareholders) need to let management focus on constructing a functioning mine (and all the steps in between, e.g. finance etc.) along with securing robust off-take agreements for sale of the product. When there are items that warrant an announcement (such as purchasing long lead time items) then release that to the market. If, in that time, a suitor (or three) comes knocking at the door wanting to take-over the business, then deal with that matter at that time.
Cheers, TCS
While I agree that having an updated timetable is very...
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Last
$2.84 |
Change
0.100(3.65%) |
Mkt cap ! $8.550B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.85 | $2.80 | $69.75M | 24.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 237863 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 554463 | 59 |
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| Last trade - 13.50pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |