And it will be particularly interesting what constraints and / or approvals PLL will need to move higher than the 20% on SYA's register if it should choose to once it has become a defacto ' American Listed Entity . Because they speak of takeovers and acquisitions being easier for them ....but I wonder how much more difficult it could become here given the concentration of existing Lithium Players and / or the significance of the Western Australian Deposits.And it ( PLL ) will effectively classed as a ' Foreign Entity ' ...albeit a U.S one. But still....perhaps given the recent deal would bring them right to the highest acceptable takeover threshold of 20% , their 25% interest ( or effective 40% ) in Sayona Quebec does suggest there might be a break up down the track.And irrespective , a FULL takeover of SYA would not only be subject to FIRB approvals etc.... but could also be a lot more complicated if Sayona was to be offered a Script component from PLL and not just cash.Either way , their stake would have to be considered a ' Poison Pill ' for any other fanciful predator .....and I guess it is better that they moved on Sayona before their vote approving the US listing and its scheme of arrangement.But this 100 CDI for every 1 common stock of Piedmont U.S will mean you have to have 100 times more Australian Piedmont shares just in order to obtain 1 ADS of Piedmont shares which is also currently equal to 100 piedmont shares.So it's a 100 to 1 dilution if you are holding Piedmont ASX shares....and base on yesterday's closing price and allowing for exchange rate movements was a whole lot cheaper buying your Top up or you ' significant ' stake over here rather than over there......![]()
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Last
2.9¢ |
Change
0.001(1.79%) |
Mkt cap ! $298.5M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.9¢ | $632.0K | 21.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 11249419 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 889327 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 11249419 | 0.028 |
32 | 9821070 | 0.027 |
26 | 16034696 | 0.026 |
47 | 11742220 | 0.025 |
28 | 3144746 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 949985 | 9 |
0.030 | 7282587 | 45 |
0.031 | 6280000 | 27 |
0.032 | 3178114 | 26 |
0.033 | 3675312 | 12 |
Last trade - 12.36pm 22/08/2024 (20 minute delay) ? |
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