OTCPK:PILBF - Post by User
Comment by
Beetle21on May 12, 2015 1:15pm
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Post# 23719875
RE:RE:USE IT or LOSE it (since 1964).
RE:RE:USE IT or LOSE it (since 1964).Before the crash of 2008, this was a $14-$15.00 stock. The valuation based on the idea of shipping he aggregate to California. Now they are doing what they were only dreaming or hopeful for in the beginning. As volumes and pricing increase is it nor reasonable to get back to these prices and surpass them? As I read and listen to the conference calls I do not know how much Cemex control pricing of the aggregate, or how much gets passed back to PLS. But as the LA port comes operational and they set the price and they take all the profits this can only take them higher.
On a side note to the more knowledgable on this board, why is limestone considered a much more valuable aggregate to sell to California? It is softer and more soluble in water than granite.