It seems LG gets the shares at the 10 day VWAP which is a discount, get the sc6 at a discount because of the size of the deal and get products that satisfy IRA standards. For the next 4 years or until they cease to become a substantial holder they have to vote with the board. They also get priority negotiation rights for 10 ktpa of LiOH when TLP comes online.
Does sound like a good deal for them. Also secures good income for Piedmont.
PLL General Discussion, page-836
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $75.92M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 18.5¢ | $105.8K | 564.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 460324 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 399894 | 7 |
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| PLL (ASX) Chart |