Paying double the market cap, I dont think so Kikker. Its the end chemical (hydrox) that ALB are fartoring in to what their paying, which will look like a bargain once at nameplate (i.e. 50ktpa of hydrox at $18k pt). Thats where the dollars are, and wouldn't be surprised if ALB Chile operations becomes a takeover target.The land down under is a very interesting place atm (based on Hydroxide preferred feed, thus demand growth), as per binwood, highly likely more consolidation in Oz Li space to come.
Wodgina just sold 50% for $1.6bA, page-32
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |