WES - what's next?, page-7

On May 3 James Mickleboro at Motley wrote;
[here]

... “This leading conglomerate owns and operates a diverse group of businesses across several sectors. This includes the likes of Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Target.​

But it may not stop there. The company has a penchant for acquisitions, and thanks to its strong financial position, it is quite likely that it will be adding to its portfolio in the near future.​

In fact, according to a recent note out of Goldman Sachs, its analysts believe Wesfarmers has over $8 billion in excess of credit requirements, prior to the Mt Holland development.​

This gives it a lot of firepower when considering its next acquisition(s).​

Goldman currently has a buy rating and $59.70 price target on the company’s shares.
This compares to the current Wesfarmers share price of $53.78.”​

...I like the idea of a lithium/battery metals tie up with IGO  (and  Tianqi) to add enormously to the Australian spodumene deposits and also get some kind of synergies going at the soon to be started  Covalent hydroxide processing plant at Kwinana which is adjacent to the IGO/Tianqi plant.

Tianqi already owns 12.5% of Covalent through its ~25% interest in SQM and IGO would bring the Nova nickel mine as well as all its’ exploration tenements.
..... with the next step being (potentially) more value adding via an Australian battery processing plant ...

Cheers