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.
PMT Megathread, page-6
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Last
50.5¢ |
Change
-0.015(2.88%) |
Mkt cap ! $307.5M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.0¢ | 50.5¢ | $461.7K | 894.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 241977 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PMT (ASX) Chart |