They indicated that they got an offer at 'a premium' to just A$330 for 49% or a 'premium to' A$200M for 30%. The fact they used MC rather than EV (ie. market cap + borrowings) indicates that the offers were very low and may not have passed that mark. It's clear they couldn't find a buyer willing to pay anywhere near the equivalent of what ALB paid for even their last tranche of Wodgina - in my books that means they couldn't find a buyer.
Ann: Binding Terms Agreed for POSCO JV, page-62
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $40.14M | 13.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 110363 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 14732 | 4 |
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