So much internet chatter about WES potentially making a bid for a major Aussie lithium producer. The Fin Review today is speculating that it may be a tilt at LTR perhaps in partnership with SQM. Market pricing and chatter suggests that it could alternatively bid for PLS which has an enterprise value of around $9b and which could be easily digested by the $60b Australian behemoth either alone or in partnership. Most pundits seem to think a 60% premium is normally a reasonable mark so we could be looking at an offer in the low to mid $6s. Personally I want $7.50.
GLTALTH.
The Wesfarmers Elephant may be in the PLS room
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Last
$3.23 |
Change
0.080(2.54%) |
Mkt cap ! $9.721B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.26 | $3.07 | $138.0M | 43.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 247485 | $3.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 265073 | 5 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |