ASX Today, page-42620

First 42620 Last

Share
Profile

Follow
wazzie2

1,084 Posts.

225

15/08/24

11:22

Post #: 75217993
Share

Originally posted by anatol: ↑

PLS's acquisition of LRS is not a good move in first look IMO. PLS already has a huge deposit at Pilgangoora and PLS is producing from there although it's not very low cost. PLS says that LRS's project is a low cost one. I didn't make a deep research about LRS, so I don't the details, no DFS yet. All I know it has 77mt at 1.24% grade which is not bad. I also would prefer LRS project against any project in James Bay Canada as James Bay projects are high cost projects.

It's also not a big dilution to PLS SOI however I think it'd be better for PLS to preserve its cash until the market recovers.

However I am telling these with my limited knowledge about PLS's secret strategic plans and its deep info about the lithium supply and demand situation in China. PLS is making many deals with Chinese, they know very well about Chinese lithium market I assume. So they might be high hopes about the market recovery which I also demonstrated with cost curve graphics showing the right side of the cost curve is nearly dead.

In regards to PLS and LTR merging under script offer or whatever it is, I don't think it's viable. In these type of stressed times those small miners (relative to majors) can't make that type of deals. While small miners like PLS and LTR acquiring the small projects, the majors will watch. After the M&A activities finished at lower levels then the majors will launch their acquisition actions. For example RIO, BHP etc might acquire PLS or LTR if they have appetite for lithium sector. That is possible IMO.

That happened in coal seam gas industry 15 years ago.
Queensland Gas acquired --> Sunshine Gas
BG (British Gas) Group acquired --> Queensland Gas
BG Group acquired --> Pure Energy

Arrow attempted to acquire --> Pure Energy (Bidding war with BG Group)
Shell acquired --> Arrow Energy
Shell acquired --> BG Group.

But Queensland Gas or Arrow Energy didn't try to acquire each other or didn't try to merge as they were in similar size companies and were looking to be acquired.

What I'm saying is both PLS and LTR may not have long life in ASX and they will probably be taken over by the majors. Probably the reason for heavy shorting of both of those companies is that and BEOT knows about it and keep shorting and accumulating.

Probably the management of those two companies also know that well. They might be even in talks with with those majors atm. Time will tell.

Expand

I've confidence in PLS management and board!

Let's see who wants LTR......

LTR Price at posting: 79.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

MXR

Maximus picks up 25.93 g/t of gold through infill drilling at WA's Hilditch

OSL

Oncosil device successfully treats pancreatic cancer in Türkiye

Earnings Wrap: why is the utilities sector tanking & other big name earnings on Thursday

There are more pages in this discussion • 8 more messages in this thread...

First 42620 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 80.0¢		Change 0.000(0.00%)		Mkt cap ! $1.952B

Open	High	Low	Value	Volume
79.5¢	81.5¢	79.0¢	$4.587M	5.731M

Buyers (Bids)

No.	Vol.	Price($)
4	25256	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.5¢	433392	40

View Market Depth

No.	Vol.	Price($)
4	23548	0.800
21	431694	0.795
25	374425	0.790
17	175220	0.785
33	394923	0.780

Price($)	Vol.	No.
0.805	433392	40
0.810	306421	25
0.815	415520	16
0.820	184203	15
0.825	131053	6

Last trade - 13.10pm 15/08/2024 (20 minute delay)

LTR (ASX) Chart

ASX Today, page-42620

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

Maximus picks up 25.93 g/t of gold through infill drilling at WA's Hilditch

Oncosil device successfully treats pancreatic cancer in Türkiye

Earnings Wrap: why is the utilities sector tanking & other big name earnings on Thursday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

ASX Today, page-42620

Top Stories

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

Maximus picks up 25.93 g/t of gold through infill drilling at WA's Hilditch

Oncosil device successfully treats pancreatic cancer in Türkiye

Earnings Wrap: why is the utilities sector tanking & other big name earnings on Thursday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News