I do agree in part, but that is just the SP value. We need to be mindful of what the MC is. Azure might be $3.70 for the SP, which looks high, but in actual fact, because they only have 390 million SOI, they have a much smaller MC, therefore it only cost a total of $1.7 billion to get Azure. For Liowntown, to offer $4, because there are 2.2 billion shares at least, the MC is much larger, and therefore $4 per share equates to a bid of $8.8 billion to get Liontown.
$8.8 billion compared to $1.7 billion. Therein lies the issue we are facing. Yes LTR is much much closer to production and looks the goods, but it’s a big $$ amount. What we need therefore is a very good JV offer. I cannot see a single company offer right now. It might take quite a while to peg back those $$ once in production. Maybe it is why we don’t hear of any offers for Pilbara. MC is way too high for anybody big enough to give it a go. Also, recently they have all been talking about junior acquisitions. Even Rio, a massive player, with a huge amount of cash, is being very coy about how much they want to spend. We wait with anticipation.
I definitely see an offer though. A big JV. When and how much for is anybody’s guess. Definitely $3 plus towards the $4 would be a great start, $4 plus a bonus.
GLTAH
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Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B |
Open | High | Low | Value | Volume |
97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 92465 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 20810 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7899 | 1.000 |
1 | 500 | 0.995 |
8 | 89016 | 0.990 |
2 | 45000 | 0.985 |
7 | 44847 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.005 | 20810 | 3 |
1.010 | 116403 | 10 |
1.015 | 350777 | 9 |
1.020 | 656356 | 13 |
1.025 | 5000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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