The IGO payment is for a minority interest in Greenbushes. They are buying 49% of a Company that owns a 51% interest in Talisons, the Greenbushes Holding Company.
Not only that but its through a desperation sale. Tianqi need the funds to refinance.
After all this, Tianqi retain a controlling interest in Talisons. That controlling interest would command a considerable premium to the payment IGO are currently making. Therefore, I feel your A$6b Greenbushes price tag for 100% could be upped somewhat.
@Sjlasx supports that the stand alone PLS Pilgangoora resource is worth more than Wodgina. We can then up that by 33% for the ALO acquisition.
PLS would have a CapEx spend of at least A$500m to increase production from the present combined 550ktpa to match Greenbushes 1.34mtpa. If Greenbushes eventually do expand to 1.9mtpa, then they'll be limiting their LOM to ~8 years ... perhaps if high prices justify it.
A final valuation for the combined PLS/ALO must then come in at between A$4b and A$6b, or in share price terms, A$1.30 to A$2.00.
LIT ETF up 2.62% powering to new ATHs everyday.
ALB up 2.82% ditto plus another 0.38% in afterhours trade. Howard Klein was talking $200 on Twitter. Not sure who he got that from.
SQM up 1.42%.
Livent up 9.22% and another 1.8% in afterhours trade.
The whole Lithium sector is powering.
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Last
$2.90 |
Change
-0.005(0.17%) |
Mkt cap ! $8.746B |
Open | High | Low | Value | Volume |
$2.87 | $2.93 | $2.84 | $34.25M | 11.89M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 115232 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 341889 | 59 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 272746 | 2.900 |
22 | 315015 | 2.890 |
26 | 238139 | 2.880 |
19 | 337872 | 2.870 |
14 | 473462 | 2.860 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 129228 | 36 |
2.920 | 505426 | 115 |
2.930 | 480671 | 33 |
2.940 | 345584 | 16 |
2.950 | 339776 | 32 |
Last trade - 14.19pm 19/08/2024 (20 minute delay) ? |
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