MIN are in all sorts of trouble and are desperate. They need cash and to focus on rebuilding confidence with the regulator and shareholders.
Very opportune time for PLS, lithium prices are at lows and WC8 has ia quality asset 40km from Pilangoora. If I was PLS, I’d be circling WC8 like a shark and ready to pounce. MIN would be forced to sell and couldn’t out compete them in a bidding war.
To all the down rampers saying WC8 is uneconomical….. big players don’t take out an asset based on spot prices, they look forward 10+ years. Lithium is the only resource with demand to grow at 15% YOY for the next decade at least. We are at the bottom of the cycle. Watch for the takeover offer, it’s inevitable.
WC8 Price at posting:
24.3¢ Sentiment: Buy Disclosure: Held
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