Proper cashflow analysis, page-129

As is the nature of traders chatsites and other forums, everything discussed about the Company is based on their own experience related to the price they bought their shares at and their investing style...the fact that most have bought in well after the foundation days ,nearer the top or above where we are now, is their problem to deal with, as we see below the Company has done its bit to date over the long term , which is the only term they deal with anyway.

A Companies success needs to be based on going back to the near the start of the Company through to now ,and as a Company PLS has in 5 years turn a piece of bare land and a shareprice of 3.2c (MC $20 M effectively $80 m using current shares on issue) to a Company with a shareprice 33c ($745 M)...so an 900 % increase in MC in five years which takes into account any dilution is spectacular by any measure and has been considerably more spectacular in between...

We know what's happened in the Lithium sector and the shareprice of participants over those years and that is now history and can't be changed ,so that only leave's what really matters and that is where we go over the next 5 years or more and how we manage the current oversupply situation , that is really where the discussion should be based IMO

What PLS does have going for it is the size and quality of its deposit , the long term partnership quality of our offtake partners ( some are having their own issues but that doesn't change their ability to get through them), Hydroxide is becoming the more accepted form of Lithium and the growth outlook for EV's gets brighter by the day...mine performance can and will be improved, it is the focus as it should be, but the main ingredient , Spod prices, they have no direct control over but like most other producers reducing output should change the situation.

IMO PLS has the ability to see itself through to a point where it can either break even or be profitable based on its current cash position and if it doesn't we will simply need more cash, they will get it if required, it's not rocked science and it still has 100% WI that can be partially divested if needed.

If there is no future in EV's were stuffed anyway, if there is then we should do fine ....on a profit basis we are overvalued on future potential basis likely very undervalued and in in the next 6-12 months we should have a better handle on that...


Cheers Whisky