OTCPK:PILBF - Post by User
Comment by
FrozenInOntarioon Apr 18, 2016 7:08am
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Post# 24777845
RE:RE:RE:RE:RE:RE:Forecasting; let's box winter up. best years ahead.
RE:RE:RE:RE:RE:RE:Forecasting; let's box winter up. best years ahead.Well, you might be right. However, it is disappointing to see a recovery in a cyclical industry and Polaris coming out always with excuses. We had a punk quarter they said, but march was pretty good. They did 500 000 tons. How many in March ??? Say 300000 ?
I do not know when they will be at 6 MT. But this is what they should be aiming for. They sure do not seem in a hurry. What happens if construction just slows down ?
Agree that they are in pretty good markets and they should sell for 4. A pity however, as this asset should be worth more than this. But they would need to push out more volume fist however, someone will pick them up for even less.
They promoted from within. A production guy. He might be very good. Or maybe not. However, seems to me that they did not need someone to optimize the production but a marketing guy that can open up new market and push up production. Unless their priority was the hard rock place which is taking forever to get in production (They did a secondary 2 years ago at 2.70 for the limestone quarry). This has taken forever. Just like POLB.
Anyway, take a look at USCR, or MLM or EXP or VMC and chart PLS with them. Pitifull. Even CX is recovering... Actually, PLS tanked and never recovered since that CX shift in volume last June. If it happenned once, who knows.
Anyway, with the PPS at 1.40 and change, will be fun to see if they propose a big option package at next shareholder assembly. Probably. Will see.
Regards,