PLS +2.15%: a strong 1H for the lithium miner driven by improving realised prices overshadowing the departure of the CEO today. They swung into profit for the first time with NPAT of $114m with lithium spodumene attracting an average selling price of $US1,250/dmt. Prices have continued to surge with some agencies seeing spot prices more than 3x what Pilbara were receiving in the first half. The result came with the announcement that CEO of Pilbara Ken Brinsden would be leaving the company by the end of the year after 7 years in charge.
MM is now bullish PLS
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