ASN General Discussion, page-5152

Well PLS is going to start paying dividends which is nice, I’m not so sure they’ll embark on any acquisitions but you never know (I’m fine with dividends tbh).

M&A is one of those things where it doesn’t happen, and then it comes all at once because whilst it isn’t happening there’s no rush - as a big player there’s always the option, but when someone starts buying another, there’s a scramble to not miss out (and subsequently pushes valuations higher). I reckon there will be a lot of it next year, and large miners will now have to compete with automotive and battery manufacturers which they’ve never had to do before; so you’d expect valuations to surge.