Agree, my understanding is 100% of Wodjina will be transfered into a (PTY LTD) JV entity. Upon transfer ALB will pay MIN (not the JV entity) $1.2 bill in cash for its 50% stake in that JV entity. MIN will own 50% of the JV entity, therefore 50% profits will flow from the JV entity back to MIN share holders, likewise for ALB.
Though, potentially a capital gains tax event for MIN, I understand they purchased the deposit for ~$100 mill. Not sure if they can use $ already spent on developing project to reduce CGT.
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Last
$2.88 |
Change
0.210(7.87%) |
Mkt cap ! $8.672B |
Open | High | Low | Value | Volume |
$2.76 | $2.88 | $2.74 | $151.4M | 53.48M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8000 | $2.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.89 | 377420 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3700 | 3.160 |
1 | 80 | 3.020 |
2 | 1755 | 3.000 |
2 | 8 | 2.970 |
3 | 82208 | 2.950 |
Price($) | Vol. | No. |
---|---|---|
2.750 | 15000 | 1 |
2.800 | 935 | 3 |
2.810 | 179 | 1 |
2.830 | 4180 | 1 |
2.850 | 3000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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