back to my original post mate...why would a company pay $1.2B AUD for 33% of the stage 3 product at the Pilgangoora mine when they can probably buy the whole company in a T/O for maybe $2B AUD? If I'm a buyer that's what I'm doing my due diligence on and what I'm asking myself. I don't think it's a stupid question and no one on HC has convinced me that it is a stupid question.
My gut feel is they will sell 49% for $500m US which will still be a great result and will take all of the risk out of PLS. They might quibble and get the stake down to 45% but who knows. SC6 prices are on a downward trend and show no sign of turning around so it's a terrible time to be a seller.
All IMO DYOR (going to put my tin hat on again *sigh*)
PLS Price at posting:
75.5¢ Sentiment: Hold Disclosure: Held
(20min delay)