When a major player spends big on a hardrock mine one needs to ask themselves why? What is it that the experienced people see coming?
My guess a squeeze on availability of the premium hardrock products as all carmakers will want to have the best product in the market place. In Electric vehicles its all about the reliability of the battery so they want the best batteries available therefore all Battery producers will want to have the best product in the market. This means having the highest quality inputs available. Hardrock Lithium.
Because of this chain reaction that applies to batteries in power industry as well, I can't see how finance at best price will be a concern. Let the squeeze begin. Let the battery producers come and line up in a orderly fashion with their best deals.
Therefore early dividends would not surprise.
PLS Relative Valuation Analysis, page-141
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Last
$4.15 |
Change
0.045(1.10%) |
Mkt cap ! $12.46B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.17 | $4.11 | $29.09M | 7.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 80825 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 125111 | 57 |
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| Last trade - 14.00pm 20/05/2024 (20 minute delay) ? |
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Last
$4.16 |
Change
0.045 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $4.14 | $4.17 | $4.12 | 2341235 | ||
| Last updated 14.19pm 20/05/2024 ? | |||||
| PLS (ASX) Chart |