PLS 4.45% $2.79 pilbara minerals limited

Problems of 1st gen producers are technical & managerial rather than commercial & financial, page-19

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    maya.m if you have a look at the details of GXY they had a Non-cash impairment of arnd $176m hence the loss.

    Ebitda was $9m but they did have a $10m gain on FX.
    so they lost $1m on operations.

    I think all long holders in PLS and GXY should have the aim at the minute is to continue operations and some investment until we see an up turn. It will come.

    Good Luck to PLS holders.
 
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