I wonder how the talks with WC8 management went down with PLS. They have obviously gone on a bargain hunt at the bottom of the market and come up with this deal. No way they would have preferred the Brazil asset over what is a satellite deposit to their operation.
I would not be using this purchase price as an evaluation of lithium assets. This may be the bargain buy of the cycle. PLS might have just called the bottom.
PLS takeover for LRS is highly positive for WC8, page-2
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $319.5M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.5¢ | $962.5K | 3.663M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 253261 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 62724 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |