The IGO payment is for a minority interest in Greenbushes. They are buying 49% of a Company that owns a 51% interest in Talisons, the Greenbushes Holding Company.
Not only that but its through a desperation sale. Tianqi need the funds to refinance.
After all this, Tianqi retain a controlling interest in Talisons. That controlling interest would command a considerable premium to the payment IGO are currently making. Therefore, I feel your A$6b Greenbushes price tag for 100% could be upped somewhat.
@Sjlasx supports that the stand alone PLS Pilgangoora resource is worth more than Wodgina. We can then up that by 33% for the ALO acquisition.
PLS would have a CapEx spend of at least A$500m to increase production from the present combined 550ktpa to match Greenbushes 1.34mtpa. If Greenbushes eventually do expand to 1.9mtpa, then they'll be limiting their LOM to ~8 years ... perhaps if high prices justify it.
A final valuation for the combined PLS/ALO must then come in at between A$4b and A$6b, or in share price terms, A$1.30 to A$2.00.
LIT ETF up 2.62% powering to new ATHs everyday.
ALB up 2.82% ditto plus another 0.38% in afterhours trade. Howard Klein was talking $200 on Twitter. Not sure who he got that from.
SQM up 1.42%.
Livent up 9.22% and another 1.8% in afterhours trade.
The whole Lithium sector is powering.
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Last
$2.96 |
Change
-0.020(0.67%) |
Mkt cap ! $8.909B |
Open | High | Low | Value | Volume |
$2.93 | $3.01 | $2.89 | $71.46M | 23.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 265229 | $2.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.97 | 278685 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 266942 | 2.960 |
20 | 266817 | 2.950 |
29 | 246594 | 2.940 |
20 | 177317 | 2.930 |
22 | 613910 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.970 | 259023 | 33 |
2.980 | 418240 | 39 |
2.990 | 322843 | 24 |
3.000 | 257458 | 31 |
3.010 | 373769 | 17 |
Last trade - 13.58pm 19/07/2024 (20 minute delay) ? |
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PLS (ASX) Chart |