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5.83% $3.07 pilbara minerals limited

Andyrooo - I agree with much of your post (not the last...

  1. SimonGr
    3,421 Posts.
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    25/08/19
    19:37
    Post #: 40141932
    Andyrooo - I agree with much of your post (not the last paragraph of conspiracy theories tho ).

    However re: price/margin. Last qrt costs Don’t make PLS cash flow positive at US$600/dmt. Interest payments and admin costs would mean PLS was cash flow negative at these margins going forward. Also, Li China price markers have continued to fall in both Jul and even further in Aug (see Metal Bulletin). We don’t know the formula but PLSs Sep qrt SP6 price is very likely to be south of US$600/dmt.

    Hence whether a holder or potential buyer, I think the concern is reasonable.
    Last edited by SimonGr: 25/08/19
    PLS Price at posting: 38.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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