looks like the whole sector is down on the lower spod price
a lot of the price falls on specific stocks has to do with whether or not the market thinks a company will survive I'd say.
eg MIN is probably down 7% because the market thinks it won't be able to repay it's $4.5bn in debt
where as we only down 2.6% because we have only $500m of debt and a $1bn undrawn debt facility (which is probably bit like pre-approval from the bank on a residential property. you don't pay interest till you draw on it.)
and also I think even at US$ 738 we may still be profitable
My estimate for breakeven for PLS based on the last quarterly report is $667
*cost of sales(CIF) = 235,800 x A$733 = A$173m
*sustaining cap ex etc = A$63m
Total costs A$236m
convert A$ to US$ divide by 1.5
US$157m
breakeven = US$667
($157,333,333 / 235800 = US$667)
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looks like the whole sector is down on the lower spod pricea lot...
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Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B |
Open | High | Low | Value | Volume |
$2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 281921 | $2.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.77 | 221281 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 261690 | 2.750 |
27 | 597846 | 2.740 |
9 | 217670 | 2.730 |
26 | 133877 | 2.720 |
16 | 732725 | 2.710 |
Price($) | Vol. | No. |
---|---|---|
2.770 | 221281 | 8 |
2.780 | 14600 | 2 |
2.790 | 284383 | 4 |
2.800 | 51389 | 7 |
2.810 | 52000 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |