I don't think it's all that surprising. MIN just inked a deal valuing their remaining half of Wodgina at $1.6b (though in truth it's worth more because they've retained some of the asset), and will have $1.6b in cash to go with their other $250m in the kitty, and they have their Iron Ore business, and they have Mount Marion, and they have their mining services business, and they own $0.1b of PLS, and they still only have a market cap of $2.8b.
Clearly these assets don't realise their full potential unless sold, else MIN would be more than double their current SP and MC. It's probably the same with PLS.
Sell half of Pilgan for $1.6b and see if the SP is only 74.5c tomorrow, lol. Nice problem to have though
Wodgina just sold 50% for $1.6bA, page-191
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Last
$3.01 |
Change
0.100(3.44%) |
Mkt cap ! $9.064B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.02 | $2.83 | $89.14M | 30.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 245889 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 76015 | 16 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |