No doubt Albemarle have had their insiders giving them updates of this outcome in Chile for months. That's why they went hard for LTR and have been buying up since. The huge volumes above TO offer only confirms what insiders know which is they will take them out, irrespective of the cost. What the cost of not having control over your own asset in Chile when government will eventually force you to sell them 51%?
But, I agree there will also be strong competition from like minded businesses wanting to secure supply and be able to control it. PLS will now also be a prime TO candidate from likes of RIO and BHP, imo.
Good News & Bad News, page-27748
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Last
$2.94 |
Change
0.100(3.52%) |
Mkt cap ! $8.882B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.95 | $2.80 | $48.76M | 16.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 114636 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 199657 | 42 |
View Market Depth
| Last trade - 14.08pm 21/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |