We don't know what the deal is yet but if it is going to be a $100M - $200M+ acquisition which will require additional debt or another capital raising I think that will be a mistake.
Surly at this point in the cycle of PLS they would be far better getting stage 1 up to full nameplate production capacity and then getting additional debt funding to develop stage 2 of there own assets.
If stage 2 was fully funded and up and running with the Chinese taking all their production it would totally be the right time to acquire additional assets but they are still a fair way off that.
I think the only way this will be a good deal is if they just acquire some of the assets and not the whole company at bargin basin prices and keep it on hold until the lithium market picks up.
We don't know what the deal is yet but if it is going to be a...
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |