As a PLS holder, I would really prefer they focus on a large acquisition rather than announce a dividend. PMT is there for the taking with an enormous resource that will be declared in a few months time. If it's not PLS, then anyone of the majors would be nuts not to make a move. Look at RIO, imo wasted USD$825m purchasing a brine deposit in Argentina!!
The problem with PLS at the moment is, it's significantly undervalued - I mean their market cap is just ridiculously low and PLS has a terrible history of diluting shareholders when their shareprice is low. But having $1B cash in the bank and growing at $100 a month isnt helping either - shareholders want to know what will they do with all their cash? Their JV with POSCO is taking ages and to make a play on PMT would be ideal imo.
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $118.6M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 21.5¢ | $628.6K | 2.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18500 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 158731 | 5 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| PMT (ASX) Chart |