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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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M | |||
| Open | High | Low | Value | Volume |
| 20.8¢ | 21.5¢ | 20.5¢ | $9.32K | 44.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6906 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 7599 | 1 |
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| Last trade - 15.30pm 23/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |