More on where l left off yesterday,Albemarle not going away and neither is Gin.. R, (now 20% owner of Liontown) she may spoil SQM party at Azure as well ,only speculation on my part of course.
M&A galore going on and this is while the Lithium price is 75% on its highs.
Early reports suggest Rinehart could be trying the same tactic at Azure Minerals (ASX:AZS), 60% owner of the promising Andover pegmatite discovery, whose Tony Rovira-led board accepted a $3.52 per share cash bid from SQM yesterday valuing the miner at $1.63b.Intriguingly, that offer appears to value legendary prospector Mark Creasy’s private 40% stake in the project near Roebourne at $1.08 billion. Codelco meanwhile tipped a big premium in for Lithium Power International (ASX:LPI) in a 57c a share offer to take out the ASX-listed owner of the Maricunga project in Chile for $385m.
If the other major players are as bullish as Albemarle, don’t be surprised if more M&A arises, with the big American also making early stage bets on Western Lithium, a $30m purchase of an LPI spinoff that held tenements near Greenbushes, and Patriot Battery Metals (ASXMT), where it tipped C$109m in for a roughly 5% stake and foot in the door of the owner of Canada’s second biggest spodumene deposit.MEI do your thing!!! DYOR please,
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Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.0¢ | $1.095M | 9.510M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2371982 | 11.0¢ |
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Price($) | Vol. | No. |
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11.5¢ | 441163 | 7 |
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11 | 650734 | 0.105 |
15 | 806977 | 0.100 |
1 | 50000 | 0.099 |
2 | 110213 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 441163 | 7 |
0.120 | 490000 | 3 |
0.125 | 312794 | 4 |
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0.135 | 207430 | 3 |
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