Agree Sunny, but I do think PLS should be looking to acquire something a.s.a.p.
I believe a very good use of their funds (maybe scrip + cash offer) would be to take over CXO immediately.
They could get it for say A$3 - 3.5 Billion or about $1.80 - $2 per share.
This will yield a Billion dollars in revenue (at current spod prices) in 24/25 and give PLS a 25 - 30% ROI.
Pretty good metrics. CXO has a 20 year mine life now, soon to be double that, or alternatively double production at 20+ years.
It would be quite a complimentary acquisition and they can run the company from Perth with a few key managers on site in Darwin.
It makes a lot of sense.
As a PLS and CXO holder, I would be very satisfied with swapping my CXO shares at a premium for a bunch of PLS shares (or a combo of PLS shares and cash).
To me this tie up makes more sense than say a PMT - even though I see PMT as a nice one to have in the long term and would give geographical diversity, why not take the cash producing asset in the NT now and still look at a PMT or similar down the track a bit?.
The above may be wishful thinking on my part but I think it makes perfect sense.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-28598
-
- There are more pages in this discussion • 16,787 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$3.02 |
Change
0.040(1.34%) |
Mkt cap ! $9.092B |
Open | High | Low | Value | Volume |
$2.95 | $3.03 | $2.93 | $51.27M | 17.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 8812 | $3.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.02 | 3200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6852 | 3.170 |
1 | 1 | 3.110 |
1 | 67 | 3.100 |
1 | 11507 | 3.090 |
1 | 24 | 3.060 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 4000 | 2 |
2.910 | 247 | 2 |
2.940 | 5268 | 1 |
2.950 | 23396 | 3 |
2.960 | 14597 | 3 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |