PLS Bull Cheers Progress on Expansion Project -- Market Talk

Dow Jones04-28 12:26

0426 GMT - PLS Group's plan to expand the P2000 project appear to be speeding up, says Macquarie. The bank highlights progress on the project as a key positive in the miner's recent quarterly result. PLS says it expects to update the market on its plans in 4Q 2026. "We see early signs of acceleration, with PLS flagging potential pre-FID [final investment decision] spend in FY27," Macquarie says. Macquarie's base case now includes A$120 million of pre-FID capex in FY27 and total capex of A$1.32 billion, roughly 10% higher than the miner's 2024 study. It reiterates an outperform rating on PLS and raises its target by 13%, to A$6.20/share, to reflect the inclusion of a P2000 project. Shares are up 3.2% at A$6.12. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

April 28, 2026 00:26 ET (04:26 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2630032509?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-28 12:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2630032509","market":"sh","top_or_hot":-1,"title":"PLS Bull Cheers Progress on Expansion Project -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0426 GMT - PLS Group's plan to expand the P2000 project appear to be speeding up, says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. The bank highlights progress on the project as a key positive in the miner's recent quarterly result. PLS says it expects to update the market on its plans in 4Q 2026. \"We see early signs of acceleration, with PLS flagging potential pre-FID [final investment decision] spend in FY27,\" Macquarie says. Macquarie's base case now includes A$120 million of pre-FID capex in FY27 and total capex of A$1.32 billion, roughly 10% higher than the miner's 2024 study. It reiterates an outperform rating on PLS and raises its target by 13%, to A$6.20/share, to reflect the inclusion of a P2000 project. Shares are up 3.2% at A$6.12. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2026 00:26 ET (04:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PLS Bull Cheers Progress on Expansion Project -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPLS Bull Cheers Progress on Expansion Project -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-28 12:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0426 GMT - PLS Group's plan to expand the P2000 project appear to be speeding up, says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. The bank highlights progress on the project as a key positive in the miner's recent quarterly result. PLS says it expects to update the market on its plans in 4Q 2026. \"We see early signs of acceleration, with PLS flagging potential pre-FID [final investment decision] spend in FY27,\" Macquarie says. Macquarie's base case now includes A$120 million of pre-FID capex in FY27 and total capex of A$1.32 billion, roughly 10% higher than the miner's 2024 study. It reiterates an outperform rating on PLS and raises its target by 13%, to A$6.20/share, to reflect the inclusion of a P2000 project. Shares are up 3.2% at A$6.12. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2026 00:26 ET (04:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2630032509","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2630032509","pubTimestamp":1777350360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0426 GMT - PLS Group's plan to expand the P2000 project appear to be speeding up, says Macquarie. The bank highlights progress on the project as a key positive in the miner's recent quarterly result. PLS says it expects to update the market on its plans in 4Q 2026. \"We see early signs of acceleration, with PLS flagging potential pre-FID [final investment decision] spend in FY27,\" Macquarie says. Macquarie's base case now includes A$120 million of pre-FID capex in FY27 and total capex of A$1.32 billion, roughly 10% higher than the miner's 2024 study. It reiterates an outperform rating on PLS and raises its target by 13%, to A$6.20/share, to reflect the inclusion of a P2000 project. Shares are up 3.2% at A$6.12. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK7095":"多种金属与采矿","PRGS":"Progress Software Corporation","BK7504":"锂钴概念","PLS.AU":"PLS Group Ltd","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BK4097":"系统软件"},"translate_title":"PLS Bull欢呼扩建项目的进展——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLS.AU":0.9,"PRGS":1.5},"content_text":"0426 GMT - PLS Group's plan to expand the P2000 project appear to be speeding up, says Macquarie. The bank highlights progress on the project as a key positive in the miner's recent quarterly result. PLS says it expects to update the market on its plans in 4Q 2026. \"We see early signs of acceleration, with PLS flagging potential pre-FID [final investment decision] spend in FY27,\" Macquarie says. Macquarie's base case now includes A$120 million of pre-FID capex in FY27 and total capex of A$1.32 billion, roughly 10% higher than the miner's 2024 study. It reiterates an outperform rating on PLS and raises its target by 13%, to A$6.20/share, to reflect the inclusion of a P2000 project. Shares are up 3.2% at A$6.12. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2026 00:26 ET (04:26 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630032509","isCrawlerRequest":true}