Shenghe doesn’t need to takeover Peak. They’ve locked up all of the concentrate through the offtake agreement, and their 20% shareholding is enough to stop anyone else trying to take them over. Shenghe effectively “own” Peak without having to pay for it. Why would they spend $1.3bn for a takeover when they already have what they need?
Ann: Executed Offtake Agreement and Strategic MOU with Shenghe, page-126
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19.0¢ |
Change
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Mkt cap ! $50.62M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.0¢ | $16.85K | 88.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65131 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 3000 | 1 |
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