Originally posted by 8horse
Cash as at 30 September 2018: $6.5m
Budgeted cash outflow for December quarter: -$3.7m
Estimated cash as at 31 December 2018: $2.8m
PLS was sold down from 87c to 57c just before the CR.
Why would they do a CR before allowing Huayou the right to exercise their options in April?
Qball pointed out election jitters.
Let's add a few more factors to add to SP movements vis the macro:
- Chinese/US tariff war
- Brexit
- US shutdown/the wall
- Middle East tensions...Yemen/Syria...ohhh forget listing them all the entire regions a basket case
Oil tensions
Entire lithium sector pulldown despite overwhelming evidence of future demand outstripping supply
Pundits fears of global recession fueled by the prevaricating press...
Perfect opportunity for MM's to manipulate SP and accumulate and perpetuate fear cycle vis continuing BS re oversupply as per Equinox example...why wouldn't you push down the f'k out of Lithium stocks when you have the ability to forerun any share transaction you like knowing full well you have the complete blessing and support of ASIC and the ASX?
So why is price movement indicating a CR again?