Putting the value of PLS in perspective, Albermarle valued 100 percent of Wodgina at North of $A3.2bn. Pilgangoora is of a very similar size, grade and cost and just down the road. PLS is capitalised at $A1.2bn or 37.5 percent of the value Albermarle put on Wodgina.. in addition PLS is 8 months ahead on commissioning. If industry values are correct putting a value of $2bn on PLS at this stage or just below a mid point on the arb looks reasonable.. That's 66 percent upside from here and would make sense for any acquirer..
Takeover target??, page-3
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.89 | $45.17M | 15.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 335341 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 154500 | 2 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |