@Chaya the company would have done their risk/reward assessment and based off the cost, time, financial position of nagrom, sale price of tantalum, removed focus on pilgangoora etc they decided to leave it. GAM never repossessed the lease because we didn't go ahead with Tabba Tabba.
Who knows what the future holds. Take a look at GXY. They closed because it wasn't viable at the time to mine and last year went through a $7M upgrade to plant and reopened the mine.
This actually highlights the need to get good quality experienced people on the staff list. GXY had to do a JV for 50% to get the skills, expertise and funds to reopen the mine. Then they purchase GMM. If they had the skills, experience and funds then they wouldn't need GMM.
To be honest I'm thankful of tabba tabba because it kept me in PLS while they were developing pilgangoora. If it wasn't for @Pokerface i probably would have sold around the 15c mark.
@Chaya the company would have done their risk/reward assessment...
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |