Australia's largest stock trading and investment forum Australia's #1 stock forum

PLS

0.81%

$3.05 pilbara minerals limited

PLS sector -relevant media updates, page-45

First 45 Last

Share
Profile

Follow
PJLongford

66 Posts.

36

09/12/20

13:56

Post #: 49454256
Share

Originally posted by Andyrooo: ↑

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.

Expand

Agree with everything you have said mate but am curious as to why Aus lithium stocks have tumbled back from the great start we had today?

Originally posted by Andyrooo: ↑

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.

Expand

PLS Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ITM

iTech lifts MRE at Eyre Peninsula Graphite Project by 300%

ASX Market Update: ASX200 in the red but real estate faring better | 1 June 2024

LIN

Lindian shares jump on news of low-cost feasibility results for Kangankunde REE project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 223 more messages in this thread...

First 45 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $3.05		Change -0.025(0.81%)		Mkt cap ! $9.179B

Open	High	Low	Value	Volume
$3.08	$3.09	$3.02	$44.36M	14.55M

Buyers (Bids)

No.	Vol.	Price($)
55	436959	$3.04

Sellers (Offers)

Price($)	Vol.	No.
$3.05	163589	66

View Market Depth

No.	Vol.	Price($)
13	87564	3.050
52	473480	3.040
58	753937	3.030
59	383628	3.020
66	464407	3.010

Price($)	Vol.	No.
3.060	505463	96
3.070	313754	47
3.080	267545	24
3.090	169978	24
3.100	416729	20

Last trade - 15.06pm 01/07/2024 (20 minute delay)

PLS (ASX) Chart

PLS sector -relevant media updates, page-45

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

iTech lifts MRE at Eyre Peninsula Graphite Project by 300%

ASX Market Update: ASX200 in the red but real estate faring better | 1 June 2024

Lindian shares jump on news of low-cost feasibility results for Kangankunde REE project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PLS sector -relevant media updates, page-45

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

iTech lifts MRE at Eyre Peninsula Graphite Project by 300%

ASX Market Update: ASX200 in the red but real estate faring better | 1 June 2024

Lindian shares jump on news of low-cost feasibility results for Kangankunde REE project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News