I keep thinking that PLS will look to take over AGO in the future, should it become cheap enough.
AGO is struggling and its IO cost of production is similar to China. Vale, BHP and RIO won't give the likes of AGO or China a look in again, as their respective resources are too big.
AGO has freight, port access and plant & equipment of interest to PLS. Not to mention the balance of Mt Francisco ownership and other Lithium prospective tenements.
Current State of Play, page-30
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Last
$3.13 |
Change
0.170(5.74%) |
Mkt cap ! $9.425B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.14 | $3.01 | $78.76M | 25.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1050 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.14 | 385402 | 22 |
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| PLS (ASX) Chart |