They have already secured significant funding and have cash of their own as a buffer to increase a bid.
They are not soley reliant on the goodwill of Australian Super and RCF.
Also keep in mind that the decision will likely come down to a vote by creditors, and PLS has secured the noteholder vote. They are getting a full return, so they have a multimillion dollar disincentive to vote for a competing offer that is even double the PLS final bid.
I'm actually a little surprised that they managed to lock in such a large equity commitment at 36cps. That demonstrates there is eager support.
Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-77
-
- There are more pages in this discussion • 414 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 1MC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
Day chart unavailable