why would you pay $1B US for a 49% stake which doesn't include downstream off takes when you can buy the whole company on market for pretty much the same amount?
ALB bought into Wodgina for $1B US because they had to as MIN has a $3B AUD market cap with other assets that ALB weren't interested in.
It'd still be better value to bid 30% above the market cap and take the whole thing in my opinion.
PLS Price at posting:
74.5¢ Sentiment: Hold Disclosure: Held
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