Retained some of the asset....you mean half!
Based on above 1.6B for sale...other half is also worth 1.6B. plus 250m cash, plus pls holding. Puts them 3.5B market cap min. Add in the other assets, they should be closer to 5B market cap or $30 a share.
Min is the most undervalued share on ASX at moment. Next is PLS. Next is AJM.
All 3 are prime real estate hard rock Lithium that have started mining at the right moment. I will not sell one of the above 3 shares until they have doubled in price.
A few ppl comments talk about the fall in Li prices. Note that is only spot prices in Lithium China, the likes of ORE and GXY keep seeing their realised contract prices going up and up. Spot prices in China are deceptive because they fell due to change in rebates for EV cars/combined with stock piling which arose as the battery manufacturers couldn't keep up. Both these 2 factors have reversed, so once stockpile erodes (soon) the spot price will go back up. (spot price is always more volatile)
Wodgina just sold 50% for $1.6bA, page-194
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Last
$3.01 |
Change
0.100(3.44%) |
Mkt cap ! $9.064B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.02 | $2.83 | $89.14M | 30.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 245889 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 76015 | 16 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |